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Nigerian Stock Exchange Watch: ASI (-0.27%) As Profit Takers Swarm

By on January 21, 2013

The Nigerian Stock Exchange tumbled in the day’s trading as the All Share Index dropped 27 basis points.

The banking sub-sector saw predominantly bearish activity as more top tiers declined. GTBank (-1.45%), Zenith Bank (-1.79%), and UBA (-0.96%) went with the trend. Access (+1.21%), FBN Holding (+0.06%) bucked the trend.

Sterling (+8.16%) and Skye (+5.84%) also performed in the green. Unity (+9.26%) was one of the industry’s best performers.

Nigerian Breweries (-3.47%), and Guinness (-1.37%) went to the bears.

Lafarge (+6.56) put on respectable weight even as Dangote Cement remained unchanged.