Market Cap (N’bn) 6,638.15
Market Cap (US$’bn) 42.14
NSE All-Share Index 20,814.35
Daily Performance % (0.15)
1 Week Performance % (0.57)
YTD Performance % 0.40
Daily Volume (Million) 176.69
Daily Value (N’bn) 1.43
Daily Value (US$’m) 9.06
The Nigerian Stock Market, NSE All-Share Index fell further by 15basis points. Sentiments in the banking sector remained skewed to the sell side, with only Union Bank, Fidelity Bank and First Bank divergent to the trend, closing with respective gains of 4.7 per cent, 2.1 per cent and 1.0 per cent. An increase in the demand for Union Bank at the close of the session could extend its current rally as sellers hold off in anticipation of further appreciation. On the flip side, waning demand for Zenith Bank trimmed off 1.4 per cent from its price. Closing offers also suggest that this trend could continue. The breweries sector was quiet, with unchanged prices at the close of the session. NB closed with demand outweighing offers; however, with buyers unwilling to bid above N98.00, it is unlikely that this will translate to gains. Guinness is also likely to hover around current levels, with fairly matched closing bids and offers. In other sectors, CAP, UACN and UPDC were top gainers at today’s trading; bagging points in excess of 4.0 per cent apiece. Last minute sales could however spur profit taking in coming sessions for CAP, while growing demand for UACN and UPDC could lead to more appreciation.
