Nigerian stock market update, for 26th January 2009.

Data from the Nigerian Stock exchange shows: the 4th trading week of the year and the last for the month of January, starting on a continued bearish note. The All Share Index (ALSI) closed at 23,306.87 basis points, as against last week Friday’s 24,000.09 basis points; indicating 2.88 percent down slide. A total of 6,407 deals were closed today involving a share volume of 216,034,644 units, worth N1.245 billion; as against last week Friday’s 6,072 deals involving a share volume of 216,057,242 units, worth N1.171 billion. The market capitalisation also closed at N5.191 trillion as against preceding trading day’s N5.345 trillion.
The top price gainers for today, listed in a descending order include: (1) COSTAIN which gained N0.39 to close at N8.21; (2) TANALIZER gained N0.06 to close at N1.37; (3) OMATEK gained N0.06 as well, to close at N1.32; (4) STDINSURE gained N0.05, to close at N1.11.
On the other hand, the top price losers includes: (1) NESTLE lost N7.79, to close at N148.16; (2) CHEVRON lost N6.22 to close at N118.33; (3) OANDO lost N3.32, to close at N63.14; while (4) JBERGER lost N2.50, to close at N47.68.