Intraday Update: Nigerian Stocks Gain +0.20% on Buy Interest Across Sectors

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April 17, 2018/InvestmentOne Update

ASI as at 12.00pm: +0.20%.
Market movers: WAPCO (+4.44%), UNITYBNK (+4.31%), FIDSON (-5.00%), TRANSCORP (-3.53%).
Sector Performances: Industrial (+1.39%), Banking (+0.59%), Consumer Goods (+0.34%), Oil & Gas.
Market activity: In today’s early trade, total volume and value declined by 7% and 52% respectively compared to this time yesterday, as investors have exchanged 72.36million units of shares worth N799million. UBA (+1.84%) is the most actively traded stock with 27.06million units of shares accounting for 37% of total volume.
Likely close: In the absence of a significant loss in DANGCEM, we may see the market print in green today if the buy interest across most sectors continues.

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