September 25, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) all-share index (ASI) as at midday Tuesday is up +2.29 percent and driven by buy interest across sectors.
InvestmentOne reports that market movers as at the time of filing in this report are beverage maker, Nestle Nigeria Plc and most capitalised quoted company on the Nigerian bourse, Dangote Cement Plc; both are up +6.79 percent and +2.39 percent respectively.
While Union Diagnostics & Clinical Services Plc and Unity Bank Plc are down -7.89 percent and -4.55 percent apiece.
In terms of sector performances, the report says the Banking and Consumer Goods indices have appreciated +3.78 percent and +2.87 percent each, the Industrial sector also gained +1.99 percent, while the Oil & Gas index is down 0.05 percent.
Market activity in Tuesday’s early trade shows that total volume and value increased by 74 percent and 63 percent respectively compared to this time on Monday as investors have exchanged 62 million units of shares worth about N634 million.
Africa’s global lender, the United Bank for Africa Plc with a gain of +3.09 percent is the most actively traded stock with 17 million units of shares accounting for about 27 percent of total volume.
“Likely close: In the absence of a significant loss in DANGCEM, the market close may close up today if the buy interest across most sectors continues,” the InvestmentOne update affirmed.
