MIDDAY UPDATE: NSEASI Up +0.18% on Gains in Banking, Industrial Sectors

September 12, 2019/InvestmentOne Update

ASI as at 12.00pm: +0.18%. 

Market movers: UAC-PROP (+9.60%), CORNEST (+7.14%), WEMABANK(-5.08%), JAIZBANK (-5.00%).

Sector Performances: Industrial (+1.13%), Banking (+0.37%), Consumer Goods and Oil & Gas.

Market activity: In today’s early trade, total volume and value fell by 20% and 24% respectively compared to this time yesterday as investors have exchanged about 35million units of shares worth about N283million. UBA (+0.81%) is the most actively traded stock thus far with about 10million units of shares accounting for about 29% of total volume.  

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

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