June 5, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-
The Nigerian equities market as at 12.00 noon on Tuesday June 4, 2018 is up 0.74 percent; driven by buy interest across sectors, according to InvestmentOne Update.
As at midday, market movers such as oil marketing major, Oando Plc and sugar refiner, Dangote Sugar Plc are the highest gainers by 8.20 percent and 5.22 percent apiece; while insurer, Royal Exchange Assurance Plc and drug maker, Fidson Healthcare Plc are the biggest losers by 5.88 percent and 5.00 percent respectively.
According to the InvestmentOne update, in terms of sector performances, the Consumer and Industrial Goods indices appreciated by 1.57 percent and 1.13 percent each, also, the Banking index climbed up 0.66 percent, while on the flip-side, the Oil & Gas index declined by 0.64 percent.
In terms of market activities, in today’s early trade, total volume and value traded declined by 17 percent and 26 percent respectively compared to this time on Monday, as investors have exchanged 75 million units of shares worth N751 million.
Lender, Access Bank Plc is the most actively traded stock with 40 million units of shares accounting for about 53 percent of total volume.
“In the absence of a significant loss in Dangote Cement Plc, we may see the market close up today if the buy interest across most sectors continues,” the update affirmed.
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