Nigerian Stock Market Statistics Monday, 27th January 2014.

The week started off on a bearish note as the NSE All Share Index lost 64 basis points, bringing the YTD return to 0.78 per cent. Approximately 355.2 million shares were traded during today season, worth N3.82bn.

In the breweries sector, market participants sought to book in profit on the shares of Champion Breweries as it lost (4.9%) today to close at N14.51 per share.

The Industrial sector climbed 25bps, led by the gains in Costain (9.7%), Trans Nationwide Express (7.5%) and Portland Paints (4.8%) The Banking Sector continued the downward trend, losing 264 bps. This was as a result of selling pressures in Union Bank (-4.9%), UBA (-4.9%) and Zenith Bank (-4.8%)

The Insurance Sector was also down by 1.06%, linked to the loss in the share price of Intercontinental WAPIC Insurance (-4.5%), Continental Reinsurance (-2.6%) and NEM Insurance (-2.4%) which closed at N1.06, N1.12 and N0.81 respectively. Top gainers at the end of today’s proceedings were Costain(9.7%), Transnational express(7.5%), and Portland Paint (4.89%), while top losers where Champion Breweries, Evans Medical and UBN which all lost (5.0%) apiece.