June 21, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-As at midday Thursday, the Nigerian Stock Exchange all-share index (NSEASI) is down -1.28 percent on sell-offs across sectors
InvestmentOne reports that market movers on the negative side are Equity Assurance Plc and Honeywell Flour Mills Plc both down -8.70 percent and -5.00 percent each, on the positive side is C & I Leasing Plc and Japaul Oil & Maritime Services Plc both up +9.55 percent and +9.30 percent apiece.
In terms of sectoral performance, the Industrial Good, Oil & Gas and Banking indices are down -1.40 percent, -1.09 percent and -0.66 percent respectively, while the Consumer Goods index is up +0.44 percent.
According to the InvestmentOne report, in today’s early trade, while total volume increased by 5 percent, total value declined by 25 percent compared to this time on Wednesday, as investors have exchanged 83 million units of shares worth N910 million.
Lender, Sterling Bank Plc is the most actively traded stock with 17 million units of shares accounting for about 20 percent of total volume.
“In the absence of a significant gain in DANGCEM, we may see the market close down today if the sell-off across most sectors continues,’ the report affirmed.
