Home Economic Indicators Nigeria stock Market daily summary 11th October, 2011)

Nigeria stock Market daily summary 11th October, 2011)

by Business News Report

Market Cap (N’bn) 6,356.21
Market Cap (US$’bn) 40.01
NSE All-Share Index 20,012.07
Daily Performance % (0.47)
1 Week Performance % (2.77)

TD Performance % (19.21)
Daily Volume (Million) 197.18
Daily Value (N’bn) 1.85
Daily Value (US$’m) 11.66
The NSE All-Share Index lost 47 bps Tuesday 11th October 2011. The bearish trend in the banking sector continued unabated, with only two companies recording gains in the sector. First Bank bagged a marginal 0.4% gain, while Sterling Bank inched up with a 3.5% mark-up. On the flip side, Zenith Bank and UBA suffered losses of 2.4% and 3.5% respectively, with current support for Zenith Bank still at N12.00.
In the breweries sector, institutional purchases firmed up the price of NB, leading to a 3.7% up-tick. Sentiments for Guinness, on the other hand, remained bearish as closing offers outweighed demand, leading to a 5.0% loss and the possibility of a further loss tomorrow.
In the building materials sector, a crossed deal at N39.50 shaved off 1.6% from Lafarge Wapco. CCNN also lost 4.3%, closing with glutting offers that could lead to further losses in coming sessions. Ashaka Cement and Dangote Cement both closed flat.

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