The NSE All Share Index (ASI) +0.02%, $20.12 mn • After three consecutive days of losses, the Nigerian stock market retraced its steps back to the positive zone and the NSE ASI inched marginally up by 0.02% to close at 38,952.47. Gains recorded by the Banks (+0.30%) accounted for the upswing of the ASI. • The Banking index rose by 0.30% courtesy of major gains seen on Access bank (+2.60%,N7.50), ETI (+2.11%,N14.50) and FBNH (+1.88%,N13.00). • The Consumer Goods lost 1.00% and closed lower, notable among the losers in the sector were; Guinness (-4.59%,N171.33), Unilever (-3.01%,N47.00), Nestle (-2.31%,N1,035.50) and Nascon (-1.52%,N13.00) • It was a fairly decent trading day as the total value traded amounted to N3.22 bn ($20.12 mn). Cross trades observed on GT bank N479 mn ($3.00 mn) and Access bank N394 mn ($2.46 mn) boosted the activty levels. A lot of activities were also recorded by Zenith bank N234 mn ($1.46 mn), Guinness N462 mn ($2.89 mn) and Dangcem N229 mn ($1.43 mn)
Posted on: Fri, 07 Mar 2014 15:25:18 +0000