MIDDAY UPDATE: Nigerian Stocks Down -0.59% on Losses Across Sectors

August 14, 2019/InvestmentOne Update

ASI as at 12.00pm: -0.59%. 

Market movers: TOTAL (-7.84%), FCMB (-6.67%), CONTINSURE (+9.35%), CUSTODIAN (+3.33%).

Sector Performances: Banking (-1.14%), Oil & Gas (-1.12%), Consumer Goods (-0.23%) and Industrial.

Market activity: In today’s early trade, total volume and value is down by 45% and 74% respectively compared to this time yesterday as investors have exchanged over 75million units of shares worth about N876billion. ZENITHBANK (-1.53%) is the most actively traded stock thus far with about 18million units of shares accounting for about 24% of total volume.  

Likely close: In the absence of a significant gain in DANGCEM, the market may close down today if the losses in most sectors persists.

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