Nigerian Stock Market Statistics (Tuesday, 24th January, 2012)

Market Cap (N’bn) 6,491.00
Market Cap (US$’bn) 40.38
NSE All-Share Index 20,598.67
Daily Performance % (0.41)
1 Week Performance % (2.25)
YTD Performance % (0.64)
Daily Volume (Million) 215.89
Daily Value (N’bn) 2.08
Daily Value (US$’m) 12.94
The NSE All-Share Index lost a further 41bps at the close of the session. Sentiments in the banking sector remained bearish, however, First Bank rallied with a 1.7% mark-up at the close of the session. Closing bids at N9.05 are likely to further support it at this price. Sterling Bank and Access Bank also closed on the up-tick with gains of 4.4% and 2.1% respectively.
In the building materials sector, demand for Dangote Cement led to a marginal gain of 0.1 per cent. With buyers unwilling to pay significantly above current levels, it is likely to hover around this price in coming sessions. On the flip side, Ashaka Cement and CCNN lost 4.9 per cent apiece, while Lafarge Wapco recorded no price change. The food and beverages sector moved in line with the current trend, closing with more losses than gains. Honeywell Flour and Nestle recorded the only gains in the sector, while others either recorded losses or closed flat.