Intraday Update: Nigerian Stocks Down -0.08% on Selloffs in Industrial, Consumer Goods Counters

September 28, 2018/InvestmentOne Update

ASI as at 12.00pm: -0.08%. 

Market movers: GUINNESS (-9.92%), SOVRENINS (-8.00%), UBN (+6.86%), SUNUASSUR (+5.00%).

Sector Performances: Industrial (-0.26%), Consumer Goods (-0.21%), Banking (+0.05%) and Oil & Gas.

Market activity: In today’s early trade, total volume and value increased by 109% and 4% respectively compared to this time yesterday as investors have exchanged 88million units of shares worth about N1.35billion. UBA (+1.20%) is the most actively traded stock with 40million units of shares accounting for about 45% of total volume. 

Likely close: In the absence of a significant gain in DANGCEM, the market may close down today if the sell-off in the Industrial and Consumer Goods sectors continues.


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