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Nigeria Stock Exchange Watch: ASI Adds 0.34% as Market Capitalization Hits $54 billion

By on November 8, 2012

The All Share Index advanced 0.34% to close at 26,883.76. Performance was driven largely by positive price movement in the shares of blue chip stocks such as Dangote Cement (+1.22%), and Nigerian Breweries (+1.32%).

The sentiment across the banking sub-sector was predominantly bearish as Access (-1.04%), Zenith (-0.45%) and First Bank (-0.8%) shed points. Diamond, Unity and Wema also shed points.

Transcorp (+4.30%) recorded a decent performance as did Julius Berger (+2.34%) and Honeywell Flour (+4.52%).

The Year-to-Date performance of the bourse is 29.68% and the market capitalization has hit N8.5 trillion or $54 billion.