MIDDAY UPDATE: Nigerian Stocks Appreciates +0.97% Driven by Gains Across Sectors

January 14, 2021/InvestmentOne Update

ASI as at 12.00pm: +0.97%.

Market movers: ARDOVA (+10.00%), JAPAULGOLD (+9.45%), JAIZBANK (-6.94%) and NEIMETH (-4.55%).

Sector Performances:  Oil & Gas (+5.25%), Industrial (+1.71%), Banking (+0.97%) and Consumer Goods (+0.17%).

Market activity: In today’s early trade, total volume and value increased by 110% and 85% respectively compared to this time yesterday as investors have traded about 395million units of shares worth N5.13billion. MBENEFIT (+8.33%) is the most actively traded stock thus far with about 69million units of shares accounting for about 18% 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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