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Nigerian Stock Exchange Watch: ASI (-0.7%) Retreats As Week Commences

By on December 17, 2012

The Nigerian Stock Exchange commenced the week on a negative note, shedding 70 basis points.

The banking sub-sector was predominantly bearish with most tickers recording losses.

Access (+0.34%), Diamond (+0.43%), FCMB (+2.8%) and Zenith (+0.17%) were the only stocks that saw appreciation.

FBN Holding (-1.29%) and GTBank (-2.33%) were in the red.

The Breweries sector also was skewed to the negative side with Guinness (-1.89%) and Nigerian Breweries (-3%) down in the day’s trading.

On the flip side, International Breweries (+10%) closed all the way up as investors took positions based on dividend expectations.