October 4, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-As at midday Thursday, the Nigerian Stock Exchange (NSE) all-share index (ASI) is up marginally +0.11 percent on buy interest across sectors.
InvestmentOne update reports that market movers as at the review period are cable makers, Cutix Plc and Jaiz Bank Plc; both up +10.00 apiece, while insurers, Niger Insurance Plc and Wapic Insurance Plc are both down by -9.68 percent and -5.13 percent each.
In terms of sector performance, the report says the NSE Banking and Industrial sectors have gained +0.48 percent and +0.39 percent respectively, while the Oil & Gas and Consumer Goods sectors also appreciated +0.13 percent each.
According to InvestmentOne, market activity in Thursday’s early trade, showed that total volume declined by 3 percent, while total value inched up by 4 percent apiece compared to this time on Wednesday; as investors have exchanged 29 million units of shares worth about 525 million.
Top tier lender, Guaranty Trust Bank Plc with a gain of +0.82 percent is the most actively traded stock, with 12 million units of shares accounting for about 40 percent of total volume.
“Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the buy interest across most sectors continues,” the InvestmentOne update affirmed.
