November 1, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) all-share index (ASI) as at midday Thursday is down -0.22 percent and driven by losses already recorded in Banking and Consumer Goods sector.
InvestmentOne reports that market movers are Dangote Flour Mills Plc and Eterna Plc; both are down -10.00 percent and -8.26 percent each, on the positive side are Honeywell Flour Mills Plc and Fidson Healthcare Plc up +6.54 percent and +5.10 percent apiece.
In terms of sector performance, the update reports that the Banking and Consumer Goods sectors have lost -0.66 percent and -0.03 percent each,while the Oil & Gas has gained +0.37 percent, the Industrial counter has also appreciated.
InvestmentOne says market activity in Thursday’s early trade, shows that while total volume declined by 11 percent, total value advanced by 7 percent compared to this time on Wednesday as investors have exchanged 50 million units of shares worth about N1.01 billion.
Top tier lender, Guaranty Trust Bank Plc is the most actively traded stock with 21 million units of shares accounting for about 42 percent of total volume.
“Likely close: In the absence of a significant gain in DANGCEM, the market may close down today if the losses in the Banking and Consumer Goods sectors continue,” the update affirmed.
