MIDDAY UPDATE: Nigerian Stocks Dip -0.01%, Dragged by Banking Sector

September 15, 2021/InvestmentOne Update

ASI as at 12.00pm: -0.01%

Image Credit: retegy.com

Market movers: CHAMS (-4.76%), FTNCOCOA (-4.17%), NNFM (+9.59%) and UPDC (+8.43%),

Sector Performances: Banking (-0.31%), Consumer Goods (+0.03%), Industrial and Oil and Gas.

Market activity: In today’s trade, while total volume decreased by 45%, total value increased by about 51% compared to this time yesterday, as investors have traded about 41million units of shares worth N739million. COURTVILLE (+3.45%) is the most actively traded stock thus far with about 5million units of shares accounting for about 12% of the total volume.

Likely close: In the absence of significant gains in the prices of DANGCEM and MTN, the market may close on a negative note today if the losses in the Banking sector persis

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