July 9, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-Nigerian Stocks as at midday Monday the first trading session of the week is up +0.16 percent on buy interest across most sectors.
InvestmentOne says that market movers as at the time of filing in this report are First Aluminum Plc and Champion Breweries Plc both up +7.89 percent and +5.53 percent each; while on the negative side are Learn Africa Plc and Sovereign Insurance Plc both down by -9.09 percent and -7.41 percent respectively.
In terms of sector performances, the Banking and Consumer Goods indices are up +0.50 percent and +0.02 percent apiece, the Industrial Goods and Oil & Gas indices are up +0.01 percent each.
InvestmentOne reports that in terms of market activity, in Monday’s early trade, total volume and value declined by 57 percent and 50 percent respectively; compared to this time last Friday as investors have exchanged 26.5 million units of shares worth N262 million.
Top tier lender, Zenith Bank Plc with a gain of +1.85 percent is the most actively traded stock with 5.05 million units of shares accounting for about 19 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 most sectors continues,” the Update affirmed.
