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Nigeria Stock Exchange Watch: ASI (+1.99%) Upbeat, Unity Bank (+10%) Bags Full Marks

By on January 23, 2013

The All Share Index (+1.99%) gained almost 200 basis points in one of the most heavily traded days of the market this year.

798.3 million shares valued at N5.1 billion were traded as investors unleashed their purchasing power in a buying frenzy.

Unity (N0.66) and NAHCO (N8.40)  bank represented the most active shares in the market today, trading approximately 233 and 162 million shares respectively.

All the top tier banks saw price appreciation ranging from 145 to 236 basis points. On the flip side FBN Holding shed 77 basis points.

Nigerian Breweries (+1.31%) was the only active participant in the Breweries sub-sector.

The cement manufacturers all saw price appreciation with exception of Lafarge (-0.46%) which closed down marginally.

Dangote Cement closed at N150, this represents a 50% increase over its N100 initial public offering price.

Oando led the losers table, shedding 9.8% in the day’s session.