Don't Miss

Nigerian Stock Exchange Watch: Bluechips Decline Cause Marginal Drop in ASI (-0.05%)

By Afolabi Ogunde on June 26, 2012

The Nigerian Stock Exchange experienced decline for the second consecutive day as the All Share Index closed 0.05% lower.

Decline in prices of Blue-chip stocks like Oando (-4.97%), First Bank (-0.09%), Nigerian Breweries (-0.12%), and Flour Mills (-3.39%) caused the market to dip.

The banking sub-index close up by 0.2% on the back of gains in Access Bank (+0.94%), GTBank (+0.27%), and UBA (+0.27%).

FCMB (+3.23%), Skye (+0.72%) and Sterling (+1.89%) also appreciated in the day’s trading.

The conglomerates sub-sector saw Transcorp (+0.87%) return to gains. Unilever (+1.01%) was also up at the close of trading. On the flip side, Leventis (-4.55%), PZ (-0.56%) and UAC (-2.63%) all recorded price depreciation.

The Food and Beverages sub-sector saw mark-ups in thhe price of Dangote Flour (+3.4%) and Dangote Sugar (+1.78%). The sub-index fell due to losses in Flour Mills, and NASCON (-0.44%).

The Insurance sub-index shed 0.81% as GTAssure (-5%) shed the maximum limit. Continental Re (-1.32%) was also down in the day’s trading. Custodian (+4,67%) and Wapic (+3.9%) closed in the green.

The volume of shares (231 million) traded today fell by 14.5% even as their value (N 1.72 billion) recorded a 29% increase.

Gainers Chart