Nigeria Daily Stock Market Report, 20th November, 2013

The Nigerian Stock Exchangde gained 1.46 per cent on 20^th November 2013 with most sector indices closing in positive territory. Transcorp sustained its strong demand to close at N4.86, with 9 million units traded today. In the same vein, Oando, Eterna Oil, Unity Bank, Courtville and livestock Feeds also closed in positive territory, recording 10.0 per cent, 9.8 per cent, 7.4 per cent, 5.0 per cent, 4.94 per cent gain respectively. Dangote Flour’s unimpressive 9-Month, 2013 results (N7.2bn loss) stimulated negative sentiments, pushing the share price southward by 2.08 per cent to close at N9.50. From a volume perspective, large block trades were executed on Continental Re-Insurance, Dangote Cement, Dangote Flour, Ecobank Transnational Incorporated and Flourmills. We anticipate the sustainance of this trend tomorrow, given that most stocks closed on bid.