MIDDAY UPDATE: Nigerian Stocks Up +0.11% on Gains in Banking, Consumer Sectors

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November 24, 2021/InvestmentOne Update

ASI as at 12.00pm: +0.11%

Market movers: CHAMS (+9.52%), AIICO (+9.26%), HONYFLOUR (-9.78%) and FTNCOCOA (-9.52%).

Sector Performances: Consumer Goods (+0.83%)Banking (+0.15%), Industrial (-0.01%) and Oil and Gas

Market activity: In today’s trade, total volume and value increased by 75% and 62% respectively, compared to this time yesterday, as investors have traded about 117million units of shares worth N 1.34 billion. FCMB (+7.87%) is the most actively traded stock thus far with about 25 million units of shares accounting for about 21% of the total volume.

Likely close: In the absence of significant losses in the prices of DANGCEM and MTNN, the market may close positively today if the gains recorded in the Consumer Goods and Banking sectors persist.

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