Intraday Update: Nigerian Stocks Up +0.01%, Driven by Consumer Goods and Oil & Gas Counters

October 10, 2018/InvestmentOne Update

ASI as at 12.00pm: +0.01%. 

Market movers: UNIONDAC (+7.14%), REDSTAREX (+6.98%), UACN (-8.26%), CHAMS (-7.14%)         .

Sector Performances: Consumer Goods (+0.17%), Oil & Gas (+0.12%), Banking (-0.02%) and Industrial (-0.01%).

Market activity: In today’s early trade, while total volume increased by 105%, total value declined by 40% compared to this time yesterday as investors have exchanged 41million units of shares worth about N423million. CHAMS (+0.41%) is the most actively traded stock with 12million units of shares accounting for about 29% of total volume. 

Likely close: In the absence of a significant gain in DANGCEM, the market may close up today if the gains in Consumer Goods and Oil & gas are sustained.



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