The All Share Index climbed 46 basis points in a
surprising turn of events. The positive performance was unexpected due to the
barrage of profit taking activity that visited the market today.
The selling activity brought the banking sub-sector
to a crawl as only 5 participant’s recorded positive appreciation, whereas 9
participants were in the red.
FBN Holding (+0.78%), Union (+1.01%) and Stanbic
(+0.75%) were on the marginal side of the positive performers. Unity (+5.26%)
and Wema (+4.92%) also bucked the trend.
Access, Zenith, Diamond, UBA and Sterling were some
of the stocks on the other side of the green.
Guinness and Nigeria Breweries also lost marginal
points today, shedding 70 and 65 basis points respectively.
International Breweries (+9.97%) was almost limit up
in performance.
Dangote Cement (+3.57%) gained, as did other cement
manufacturers CCNN (+4.98%) and WAPCO (+0.46%).
Ashaka Cement (-9.87%) was down after the day’s
session.
The market capitalization of the bourse stands at
N9.9 trillion.
554 million shares valued at N4.1 billion were
traded today.
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