July 10, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Tuesday is down -0.26 percent; driven by sell-offs across sectors.
InvestmentOne Update says market movers as at this period are insurer, Mutual Benefit Assurance Plc and oil marketing major, Total Nigeria Plc both have declined -6.82 percent and -4.76 percent respectively, while on the positive side is Jaiz Bank Plc and Japaul Oil & Maritime Services Plc both are up +6.35 percent and +5.71 percent apiece.
In terms of sector performances, the Oil & Gas and Consumer Goods indices are down -0.64 percent and -0.48 percent each, while the Banking and Industrial indices have also plunged -0.46 respectively.
The report says in terms of market activity, in Tuesday’s early trade, total volume and total value increased by 22 percent and 165 percent respectively compared to this time on Monday as investors have exchanged 32.4 million units of shares worth N693 million.
Conglomerate, Transnational Corporation of Nigeria Plc with a loss of -0.80 percent is the most actively traded stock with 4.77 million units of shares accounting for about 15 percent of total volume.
