MIDDAY UPDATE: Nigerian Stocks Inch Up +0.03% on Gains in Industrial Counters

October 15, 2019/InvestmentOne Update

ASI as at 12.00pm: +0.03%.  

Market movers: NAHCO (+5.15%), CCNN (+4.28%), AIICO (-2.94%) and OANDO (-1.96%).

Sector Performances: Industrial (+0.83%), Banking (-0.33%), Oil & Gas (-0.22%), and Consumer Goods.

Market activity: In today’s early trade, total volume and value fell by 23% and 67% respectively compared to this time yesterday as investors have exchanged about 48million units valued at N562billion. GSPECPLC is the most actively traded stock thus far with about 20million units of shares accounting for about 42% of the total volume. 

Likely close: In the absence of significant decline in prices of DANGCEM and MTNN, the market may close up today if the gain in the Industrial sector persists.

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