MIDDAY UPDATE: Nigerian Bourse Up +0.25% on Gains Across Sectors

October 13, 2021/InvestmentOne Update

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ASI as at 12.00pm: +0.25%

Market movers: TRANSCOHOT (+9.94%), CHAMPION (+9.88%), HONYFLOUR (-5.33%) and IKEJAHOTEL (-4.55%)

Sector Performances: Banking (+1.02%), Oil and Gas (+0.51%)Consumer Goods (+0.26%)and Industrial (+0.08%)

Market activity: In today’s trade, total volume and value decreased by 53% and 38% respectively compared to this time yesterday, as investors have traded about 184million units of shares worth N2.15billion. FBNH (+3.76%) is the most actively traded stock thus far with about 92million units of shares accounting for about 50% of the total volume.

Likely close: In the absence of significant losses in the prices of DANGCEM and MTN, the market may close positive today if the gains across sectors persist.

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