MIDDAY UPDATE: Nigerian Stocks Appreciates +0.26% on Gains Across Sectors

September 11, 2019/InvestmentOne Update

ASI as at 12.00pm: +0.26%. 

Market movers: JAIZBANK (+5.26%), NESTLE (+3.70%), LIVESTOCK (-7.69%), UAC-PROP (-5.08%).

Sector Performances: Consumer Goods (+1.69%), Industrial (+0.31%), Banking (+0.16%) and Oil & Gas.

Market activity: In today’s early trade, total volume and value fell by 64% and 80% respectively compared to this time yesterday as investors have exchanged about 44million units of shares worth about N373million. TRANSCORP is the most actively traded stock thus far with about 7million units of shares accounting for about 16% of total volume.  

Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the gains in most sector persists.

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