Nigerian Stock Exchange Watch: ASI (-0.46%) Succumbs To Profit Takers, UBA (+9.92%) Resilient

The All Share Index succumbed to profit takers in today’s market, losing 46 basis points.

The banking sector was depressed, it recorded 10 losers versus 3 winners. UBA (+9.92%), and Diamond (+1.97%) were the only notable bank stocks in the green. Union bank also put on 13 basis points.

Guinness(+0.17%)  added 17, but Nigerian Breweries (-3.22%) weighed the breweries sector down.

Stocks of the petrol marketers were primarily bullish as only Total (-0.07%) shed points.

Forte (+4.94%), Eterna (+4.8%), and Oando (+0.15%) advanced.

Today’s overall performance drags the market’s year-to-date (ytd) performance to +3.13%.

456 million shares valued at N4.06 billion were traded today.

Related Posts

• 

  Over 1,000 firms bid for 2017 railway projects
  Over 1,000 firms bid for 2017 railway projects
• 

  NAICOM moves to enforce compulsory insurance of public buildings
  NAICOM moves to enforce compulsory insurance of public buildings
• 

  Reps ask NPA to reverse termination of agreement with Intels
  Reps ask NPA to reverse termination of agreement with Intels
• 

  SEC suspends Oando shares from stock market
  SEC suspends Oando shares from stock market