MIDDAY UPDATE: NSEASI Inch Down -0.09% Despite Gains in the Banking, Consumer Goods Counters

L – R shows John Adelana, Head of Regulatory Technology, The Nigerian Stock Exchange (NSE); Adekemi Ajayi, Director, Operations, Chapel Hill Denham; John Nsikak, Head, Enterprise Innovation Hub, NSE; Pai Gamde, Chief Human Resource, Human Resources Group, NSE; Akeem Shadare, Managing Director, Chapel Hill Denham; Simeon Okoduwa, Partner, Alliance Law Firm and Ugochi Obi, Head X-Academy, NSE during Fintech Foundation Training at the Exchange yesterday in Lagos.

May 24, 2019/InvestmentOne Update

ASI as at 12.00pm: -0.09%. 

Market movers: CHIPLC (-8.00%), ACADEMY (-7.41%), ETI (+9.29%), JAPAULOIL (+8.33%).

Sector Performances: Industrial (-2.58%), Banking (+1.16%), Consumer Goods (+0.04%) and Oil & Gas.

Market activity: In today’s early trade, total volume and value declined by 88%  and 77% compared to this time yesterday as investors have exchanged over 47million units of shares worth about N1.02billion. ZENITHBANK (+1.33%) is the most actively traded stock with about 8.91million units of shares accounting for about 19% of total volume. 

Likely close: In the absence of a significant gain in DANGCEM, the market may close down today despite gains in Banking and Consumer Goods sector.

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