Nigeria Stock Exchange Watch: GlaxoSmith (+4.98%) Continues Winning Streak as ASI (+0.01%) Gains Marginally

Glaxo Smith Kline (+4.98%) continued its winning streak as its parent company continues to increase its stake in its Nigeria subsidiary.

The rest of the market was relatively flat. Across the banking sub-sector Sterling Bank (+4.03%), Access Bank (+1.02%) and GTBank (+0.25%) were the only participants in the green.

Union (-5.82%) retreated after a significant appreciation yesterday, Zenith (-3.24%) and UBA (-2.17%) were also down in the day’s trading.

Market activity was around average with 256 million shares valued at N2.08 billion exchanging hands.

The Year-to-Date performance of the bourse stands at 27.17%.

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One Comment

1. 

   Mustafa Shugy

   November 27, 2012 at 10:37 pm

   better times ahead