Intraday Update: Nigerian Stocks Inch Up +0.48% on Buy Interest in Bluechips

April 24, 2018/InvestmentOne Update

ASI as at 12.00pm: +0.48%.
Market movers: FO (+10.18%), TRANSCORP (+7.95%), Â FIDSON (-9.60%), OANDO (-4.69%).
Sector Performances: Consumer Goods (+1.38%), Oil & Gas (+1.09%), Banking (+0.74%), Industrial.
Market activity: In today’s early trade, total volume and value declined by 69% and 31% compared to this time yesterday, as investors have exchanged 98million units of shares worth N1.11billion.
TRANSCORP (+7.95%) is the most actively traded stock with 18million units of shares accounting for 18% of total volume.
Likely close: In the absence of a significant loss in DANGCEM, we may see the market print in green today if the buy interest across most sectors continues.

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