Home Business Nigerian Stock Market report, 6th November, 2013

Nigerian Stock Market report, 6th November, 2013

by Business News Report

Market Cap (N’bn) 12,181.39
Market Cap (US$’bn) 76.92
NSE All-Share Index 38,125.18
Daily Performance % 0.19
1 Week Performance % 2.01

YTD Performance % 35.78
Daily Volume (Million) 465.82
Daily Value (N’bn) 4.93
Daily Value (US$’m) 31.12
The NSE All- share index was up a further 19basis points. Mid-tier banks were skewed to the buy side during the day’s session. Diamond Bank rallied with a 0.8 per cent mark-up while Stanbic and Access Bank were up 0.9 per cent and 0.5 per cent respectively. FBNH was the only top-tier bank on the up-tick today with a slim 0.2 per cent mark-up. On the flip side GTBank and Zenith Bank hovered around current levels dropping less than 1.0 per cent apiece at the close of the session. The oil and gas sector remained upbeat today. FO was up a further 4.9% today though activities appeared to be skewed to the sell side as speculators attempted to lock in gains. A clearance of available offers of Eterna led to a further 4.7 per cent mark-up. Oando however dropped 1.7 per cent. The food products sector was however divergent to the bullish trend in the market. Nestle closed flat, while UTC, Dangote Sugar and Dangote Flour went south dropping points ranging from 0.1 per cent to 4.6 per cent today. Cadbury was the lone gainer in the sector with a 4.4 per cent mark-up. Further 4.7 per cent mark-up. Oando however dropped 1.7 per cent. The food products sector was however divergent to the bullish trend in the market. Nestle closed flat, while UTC, Dangote Sugar and Dangote Flour went south dropping points ranging from 0.1 per cent to 4.6 per cent today. Cadbury was the lone gainer in the sector with a 4.4 per cent mark-up.

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