June 12, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian equities market as at midday on Tuesday has gained +1.34% on buy interest across sectors.
As at the time of filing in this report, InvestmentOne update says that first dual listed Nigerian oil and gas upstream firm, Seplat Petroleum Development Company Plc and insurer, AIICO Insurance Plc are the topmost gainers with gains of +8.14 percent and +7.69 percent respectively; while on the flip-side is Prestige Insurance Plc and Eterna Plc both declined -4.69 percent and -4.48 percent apiece.
In terms of sector performances, Oil & Gas and the Banking indices are up +4.20 percent and +1.43 percent each, also, the Consumer and Industrial Goods indices appreciated 0.98 percent and 0.55 percent respectively.
In the session’s early trade, while total volume declined by 32 percent, total value jumped 219 percent compared to this time yesterday, as investors have exchanged 170 million units of shares worth N2.67 billion. United Capital Plc down -0.95 percent is the most actively traded stock with 53 million units of shares accounting for about 31 percent of total volume.
“In the absence of a significant retrace in DANGCEM, we may see the market print in green today if the buy interest across all sectors continues,” the InvestmentOne update affirmed.
