Home Finance Nigerian Stock Market Statistics (Thursday, 8th March, 2012)

Nigerian Stock Market Statistics (Thursday, 8th March, 2012)

by Business News Report

Nigerian Stock Market Statistics (Thursday, 8th March, 2012)
Market Cap (N’bn) 6,684.65
Market Cap (US$’bn) 42.44
NSE All-Share Index 21,181.42
Daily Performance % 0.54

1 Week Performance % 4.89
YTD Performance % 2.17
Daily Volume (Million) 297.73
Daily Value (N’bn) 2.82
Daily Value (US$’m) 17.94
The Nigerian Stock Exchange All-Share Index gained 54bps today. Gains and losses were evenly split in the banking sector. Glutting offers and profit taking were the bane of UBA, as it lost 5.0 per cent. It closed with offers in excess of 100 million units and appears likely to lose further points. First Bank and GTBank also lost marginal points, falling to N11.06 and N14.50 respectively. Closing sentiments for First Bank could lead to further losses, while robust demand at N14.50 is likely to give GTBank support.
In the food and beverages sector, Cadbury and Dangote Flour consolidated on previous gains with gains of 5.0 per cent apiece; the current hold back by sellers is likely to lead to further gains in coming sessions. Nestle also bagged maximum points today, with all available offers mopped up during the session. On the flip side, Dangote Sugar, Nascon and Honeywell Flour caved to selling pressure, subsequently losing 1.8 per cent, 1.5 per cent and 0.8 per cent respectively. The breweries sector was on the upbeat today, with growing demand for both NB and Guinness translating to gains of 1.6 per cent and 5.0 per cent respectively.

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