MIXED GRILL AT NIGERIAN STOCK MARKET FEB 23

It was a mixed grill of sorts at the Nigerian stock exchange as All shares index and volume recovered while number of deals dropped.

Losers at 15 were barely ahead of 13 gainers recorded but most of the loses were marginal and in lightweight equities hence ASI recovered by 0.63% to 25409.06 after yesterday's decrease.

Volume growth at 23.8% to 146,709,148 units was stronger but in spite of this deals recorded came to 2564 down 0.62%.

In Naira gain terms, the rise in ASI came more from continued increase in share prices of Nigerian Breweries (up N4 per share) or by 3.08% and Guinness which closed up N3.12 per share or by 4.81%.

However, day high % gain was by Berger paints at 4.93% or by only N0.3 per share with NPF Microfinance ending at third place after Guinness with 4.55% or N0.05 per share.

Livestock feeds was the last equity to close above 4% up rising 4.17% or N0.03 per share.

Lead loser for the day was Unilever both in % terms (4.99%) and in Naira terms losing only N1.53 per share.

All other losers lost less than N1 per share but in terms of %, UACN was very close losing 4.98% followed by 4.74% drop each in UACN Property and Vita foam.

Total deals sealed was down but day high was GTB's 274 deals for 9,440,134 units followed by United Capital's 262; Nigerian Breweries 227 and Zenith International's 166 deals for 7,230,257 units.

None of these led volume though as FCMB recorded 34 deals for day high 28,961,679 shares followed by Fidelity bank's 20,859,355 units in 76 deals and United Capital's 17,102,610 shares in 262 deals.

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