Dangote Sugar, AfriPrud and UBA appreciated respectively by 10.2 per cent, 4.2 per cent and 4.1 per cent, respectively, while the worst performers were Glaxosmith Kline Consumer Plc, Caverton Offshore Support Group Plc and Diamond Bank Plc, which shed 9.7 per cent, 9.4 per cent and 9.2 per cent, accordingly. Sell pressures across board especially in banking stocks continued to weigh on performance, as Guaranty Trust Bank Plc, Stanbic IBTC Holdings Plc and Diamond Bank Plc, recorded two per cent, five per cent and 9.3 per cent drop, respectively. The industrial goods index led losers, down by two per cent following losses in Dangote Cement Plc, which slid by 3.3 per cent. However, the consumer goods index emerged the top gainer closing the day 0.7 per cent higher, as Dangote Sugar and Nestle Nigeria Plc appreciated accordingly by 10.2 per cent and 1.7 per cent. The oil/gas index also appreciated, by 0.3 per cent, following a rally in Seplat Petroleum Development Company Plc , which gained 1.1 per cent.

Source: Punch January 26, 2018 03:00 UTC