MIDDAY UPDATE: Nigerian Stocks Gain +0.16% on Gains Across Sectors

August 4, 2020/InvestmentOne Update

ASI as at 12.00pm: +0.16%.

Market movers: MANSARD (+9.72%)NEIMETH (+9.09%)NAHCO (-4.04%) and ACCESS (-0.79%).  

Sector Performances: Banking (+0.65%), Oil & Gas (+0.22%), Consumer Goods (+0.20%), and Industrial. 

Market activity: In today’s early trade, total volume and value declined by 8% and 10% respectively, compared to this time yesterday as investors have traded about 56million units of shares worth about N371million. TRANSCORP (+1.69%) is the most actively traded stock thus far with about 12million units of shares accounting for about 21% of the total volume. 

Likely close: In the absence of significant losses in the prices of DANGCEM and MTN, the market may close up today if the gains in most sectors persist.

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