Nigerian Stock Market Statistics (Tuesday, 28th February, 2012)

Market Cap (N’bn) 6,346.42
Market Cap (US$’bn) 40.27
NSE All-Share Index 20,137.51
Daily Performance % (1.11)
1 Week Performance % (1.73)
YTD Performance % (2.86)
Daily Volume (Million) 417.90
Daily Value (N’bn) 2.62
Daily Value (US$’m) 16.61
The Nigerian Stock Exchange All-Share Index dropped a further 111basis points today. First Bank suffered from profit taking as it lost full points at the close of the session and closed on offer. With sentiments skewed to the sell side, it could lose further points. Stanbic IBTC and Zenith Bank also shed 1.5 per cent and 0.7 per cent respectively. On the flip side, UBA rallied with a further 4.0 per cent up-tick; growing demand could lead to further gains tomorrow. Access Bank and GTBank also closed with marginal gains. The breweries sector went to the bears today as bearish sentiments shaved off maximum points from NB, with closing sentiments likely to lead to further losses. Last minute sales also trimmed off 0.7 per cent from Guinness, though re-entries at current levels could stem a further slide tomorrow. Gains and losses were evenly split in the building materials sector as CCNN and Dangote Cement inched up with gains of 0.2 per cent and 0.1 per cent respectively, while Ashaka Cement and Lafarge Wapco lost 1.9 per cent and 2.3 per cent respectively.