June 7, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-Nigerian stocks as at midday on Thursday is up +0.41 percent on buy interest across sectors, according to InvestmentOne update.
As at the time of filing in this report, market movers are Japaul Oil & Maritime Services Plc and sugar refiner, Dangote Sugar Refinery Plc both up +7.41 percent and +4.95 percent each; while on the flip-side, Eterna Plc and beer producer, International Breweries Plc are down -4.96 percent and -4.64 percent respectively.
In terms of sector Performances, the Industrial and Consumer Goods indices are up +2.11 percent and 0.08 percent apiece, also the Banking index is up +0.05 percent; while the Oil & Gas index is down by -0.10 percent.
As per market activities, InvestmentOne reports that in today’s early trade, total volume and value traded declined by 38 percent and 76 percent respectively compared to this time on Wednesday, as investors have exchanged 111million units of shares worth N868 million.
Lender, Diamond Bank Plc is the most actively traded stock with 24 million units of shares accounting for about 22 percent of total volume.
“In the absence of a significant loss in DANGCEM, we may see the market close up today if the buy interest across most sectors continues,” InvestmentOne update affirmed.
