June 26, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) all-share index (ASI) as at midday Tuesday is up +0.07 percent, according to InvestmentOne reports.
The report says market movers are insurer, Nem Insurance Plc and oil marketing major, Oando Plc both up +4.93 percent and +4.72 percent apiece.
On the negative side is beer producer, International Breweries Plc and Regency Alliance Insurance Plc both down -6.14 percent and -3.85 percent respectively.
In terms of sector performances, the Industrial and Banking indices are up by +1.06 percent and +0.17 percent each. While the Consumer Goods and Oil & Gas indices are both on the negative territory -0.16 percent apiece.
InvestmentOne reports that market activity in today’s early trade, while total volume declined by 23 percent, total value increased by 41 percent compared to this time on Monday, as investors have exchanged 35.5 million units of shares worth N639.3 million.
Brewer, Champions Breweries Plc is the most actively traded stock with 7.4 million units of shares accounting for about 21 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 across the Industrial and Banking sectors continues,” the InvestmentOne report added.
