MIDDAY UPDATE; Nigerian Stocks Inch Up +0.01%, Driven by Industrial Names

Image Credit; quickenloans.com

September 21, 2020/InvestmentOne Update

ASI as at 12.00pm: +0.01%.

Market movers: LASACO (+4.00%), WAPCO (+3.08%)WAPIC (-8.11%), and TRANSCORP (-3.33%).

Sector Performances: Industrial (+0.19%), Consumer Goods (-0.06%), Banking (-0.02%), and Oil & Gas.

Market activity: In today’s early trade, total volume and value rose by 3% and 48% respectively, compared to last week Friday, as investors have traded about 67million units of shares worth approximately N1.05billion. UBA (-0.83%) is the most actively traded stock thus far with about 11million units of shares accounting for about 16% 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 Industrial names persist.

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