MIDDAY UPDATE: Nigerian Stocks Appreciates +0.43% on Gains Across Sectors

October 27, 2020/InvestmentOne Report

ASI as at 12.00pm: +0.43%.

Market movers:  CONOIL (+9.81), LIVESTOCK (+9.68%), PZ (-6.67%) and CAVERTON (-6.52%).

Sector Performances:  Banking (+1.39%)Consumer Goods (+0.46%), Industrial (+0.41%), and  Oil & Gas (+0.38%).

Market activity: In today’s early trade, while total volume rose by 30%, total value dipped by 55%, compared to yesterday, as investors have traded about 157million units of shares worth N1.28billion. FBNH (+0.71%) is the most actively traded stock thus far with about 36million units of shares accounting for about 23% 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 all sectors persist.

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