Stock Market Watch: ASI Gains Second Consecutive Day

The All Share Index of the Nigeria Stock Exchange appreciated 41 points at the close of trading today, bringing the index to close at 19,871.97.

Top gainers in trading today cut across various sectors of the economy, and were led by Lafarge Wapco that gained 5% and seems poised for further gains as demand for the stock went unmet toay. Stanbic IBTC gained 4.99%, Roads and Berger Paints gained 4.94% apiece.

Across the infrastructure space, other gainers were Ashaka and CCNN gaining 104 and 88 points respectively.

The breweries sector recorded only appreciation in shares of Nigerian Breweries as the ticker gained 2.77% to close at N 96.60.

Top-tier banks led by First Bank shed points today, the oldest banking institution in the country was out 215 points in todays trading, Zenith bank lost 17 points and UBA lost 87 points. GTBank was the exception to the trend as it closed up 73 points to close at N 13.71.

Construction giant, Julius Berger fell 4.98% in trading today.

Across the food and beverages subsector, Dangote Sugar was the only loser, shedding 493 points today. Honeywell flour, Nestle, Nascon and Flour Mills were up 428, 90, 270, and 240 points apiece.

Other notable losers in trading today were Custodian (-5%), MRS (-5%), GSK (-4.99%) and Forte Oil (-4.98%).

Over 220 million shares valued at approximately N 2.5 Billion were traded today.