MIDDAY UPDATE: Nigerian Stocks Appreciates +0.49% on Gains Across Sectors

September 16, 2019/InvestmentOne Update

ASI as at 12.00pm: +0.49%. 

Market movers: NEM (+9.55%), FIDELITYBK (+5.88%), CHAMPION (-3.85%), NASCON (-1.57%).

Sector Performances: Banking (+2.08%), Industrial (+0.45%), Consumer Goods (+0.14%) and Oil & Gas.

Market activity: In today’s early trade, total volume and value jumped 123% and 167% respectively compared to this time last week Friday as investors have exchanged about 98million units of shares worth about N997million. FBNH (+2.78%) is the most actively traded stock thus far with about 12million units of shares accounting for about 12% 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 persist.

 

 

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