Market Cap (N’bn) 6,275.36
Market Cap (US$’bn) 38.69
NSE All-Share Index 19,849.31
Daily Performance % (0.11)
\1 Week Performance % 0.10
YTD Performance % (19.87)
Daily Volume (Million) 269.62
Daily Value (N’bn) 1.58
Daily Value (US$’m) 9.72
The Nigerian Stock Exchange All-Share Index lost 11bps. The rally on Stanbic IBTC continued, leading to a further 4.9 per cent increase in its share price. Buoyed by healthy demand and a dearth of offers, closing demand could lead to further gains on the stock. GTBank and Sterling Bank were also on the up-tick, with respective gains of 1.1 per cent and 2.1 per cent. On the flip side, bearish sentiments shaved off 5.0 per cent and 4.8 per cent from Diamond Bank and UBA respectively. The food and beverages sector went to the bears as institutional sales shaved off a further 4.9 per cent from Dangote Sugar. Honeywell Flour, Cadbury, Dangote Flour and Flour Mills also headed south, shedding 4.8 per cent, 2.7 per cent, 1.8 per cent and 1.6 per cent respectively. In other sectors, Lafarge Wapco consolidated on previous gains with a 3.1 per cent gain. A dearth of offers could lead to further price appreciation. On the flip side, glutting offers trimmed off maximum points from Oando.
