MIDDAY UPDATE: Nigerian Equities Market Up +0.11% on Gains Across Sectors

September 23, 2020/InvestmentOne Update

ASI as at 12.00pm: +0.11%.

Image Credit: retegy.com

Market movers: JAIZBANK (+3.51%), TRANSCORP (+1.67%)ROYALEX (-6.90%), and NPFMCRFBK (-6.15%).

Sector Performances: Banking (+0.15%)Oil & Gas (+0.07%)Consumer Goods (+0.03%) and Industrial.

Market activity: In today’s early trade, total volume and value rose by 131% and 1% respectively, compared to this time yesterday, as investors have traded about 203million units of shares worth approximately N2.01billion. STERLNBANK (-0.86%) is the most actively traded stock thus far with about 81million units of shares accounting for about 40% 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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