Nigerian Stock Market Statistics (Wednesday, 7th March, 2012)

Market Cap (N’bn) 6,639.78
Market Cap (US$’bn) 42.19
NSE All-Share Index 21,068.34
Daily Performance % 0.68
1 Week Performance % 4.70
YTD Performance % 1.63
Daily Volume (Million) 199.18
Daily Value (N’bn) 1.80
Daily Value (US$’m) 11.44
The Nigerian Stock Exchange All-Share Index inched up by 68bps today. Profit taking trimmed off over 4.0 per cent from UBA, with closing offers likely to lead to further losses in coming sessions. Access Bank also lost 2.7 per cent, however, the current price could be an incentive for bargain hunters. On the flip side, other top-tier banks recorded marginal gains today. In the building materials sector, last minute trades firmed up Dangote Cement leading to a 1.9% per cent gain. CCNN also bagged a 1.6 per cent gain, though fairly matched closing bids and offers suggest that it could hover around current levels in the coming days. Ashaka Cement also recorded a 2.5 per cent gain. In the conglomerates sector, growing demand for Transcorp and PZ Cussons led to gains of 3.7 per cent and 5.0 per cent respectively; closing demand suggests that this trend could continue tomorrow. On the flip side, UACN lost 1.7 per cent today.