Home Finance Nigeria Stock Market Report, 4th November, 2013

Nigeria Stock Market Report, 4th November, 2013

by Business News Report

Market Cap (N’bn) 12,121.46
Market Cap (US$’bn) 76.36
NSE All-Share Index 37,937.61
Daily Performance % 0.45
1 Week Performance % 1.77

YTD Performance % 35.11
Daily Volume (Million) 254.64
Daily Value (N’bn) 3.40
Daily Value (US$’m) 21.43
The week started off on a positive note with the All Share Index (ASI) moving higher by 45basis points from the close of the proceeding trading day. The NSE BNK index was up 62 basis points, although the banking sector was evenly split between gainers and losers. Sterling Bank and Unity Bank were both on the up-tick with gains of 4.9 per cent and 1.9 per cent. GT Bank and UBA also rallied during the session, ending the day with a 1.9 per cent and 0.8 per cent change. On the other hand, Zenith was flat today with prices fluctuating around N21.30 while FBNH dropped 1.4 per cent closing at N16.01. The Food products sector was however skewed to the sell side with most companies in the sector closing flat or dropping points. Nestle was the exception as investors reacted to corporate action announcements by the company. It subsequently closed with a 5.0 per cent mark-up on the back of growing demand. The Oil and Gas sector was also up-beat today, a hold back on offers for FO and healthy demand led to a 10.2% mark-up while MRS, Eterna and Oando ended the day with gains of 10.0%, 4.8% and 1.1% respectively.

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