June 22, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday on Friday is up +0.11 percent on buy interest in the Banking sector, according to InvestmentOne update.
The report says market movers on the domestic bourse are insurer, Nem Insurance Plc and FBN Holdings Plc both up +4.83 percent and +2.83 percent apiece. While on the flip-side is Learn Africa Plc and drugmaker, Neimeth International Pharmaceuticals Plc both down -4.43 percent and -3.33 percent each.
In terms of sector performances, the Banking index is up by +0.42 percent, while the Consumer Goods, Industrial Goods and Oil & Gas indices are down -0.22 percent respectively.
According to InvestmentOne in terms of market activity, in Friday’s early trade, total volume and total value declined by 38 percent and 63 percent respectively compared to this time on Thursday, as investors have exchanged 52 million units of shares worth N334 million.
Lender, Fidelity Bank Plc is the most actively traded stock with 7 million units of shares accounting for about 13 percent of total volume.
“In the absence of a significant loss in DANGCEM, we may see the market print in green today if the buy interest in BANKING sector continues,” the InvestmentOne update affirmed.
