Intraday Update: Nigerian Equities Gain +2.27% on Bullish Sentiments Across Sectors

January 10, 2018/InvestmentOne Report

ASI as at 12.00pm: +2.27% 

Market movers: DANGFLOUR (+10.14%), ETERNA (+10.17%), WAPIC (-3.45%). 

Sector Performances: Banking (+5.65%), Consumer Goods (+1.40%), Industrial (+1.24), Oil & Gas (+0.14%). 

Market activity: In today’s early trade, total volume and value increased by c.+107% and c.+108% respectively compared to this time yesterday. So far, investors have exchanged c.443m units of shares worth c. N3.3bn. DIAMONDBNK (+9.95%) is the most actively traded stock with c.106m units of shares accounting for c.24% of total volume. 

Likely close: We may see the market close up if the bullish sentiment across all of the sectors continues.

 

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