MIDDAY UPDATE: Nigerian Equities Up +0.13% on Gains in Industrial, Consumer Counters

January 14, 2020/InvestmentOne Update

ASI as at 12.00pm: +0.13%. 

Market movers: CILEASING (+8.89%), WAPCO (+4.67%), NPFMCRFBK (-9.56%) and CHAMS (-5.88%).  

Sector Performances: Industrial (+0.50%), Consumer Goods (+0.04%), Banking (-0.13%) and Oil & Gas.

Market activity: In today’s early trade, while total volume rose by 26%, total value declined by 45% compared to this time on yesterday as investors have exchanged about 113million units of shares valued at N2.54billion. ZENITHBANK is the most actively traded stock thus far with about 40million units of shares accounting for about 35% of the total volume. 

Likely close: In the absence of a significant loss in the prices of DANGCEM and MTNN, the market may close up today if the gains recorded in Industrial and Consumer names persist.

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