Intraday Update: Nigerian Stocks Up +0.06% on Gains in Bellwether Counters

November 5, 2018/InvestmentOne Update

ASI as at 12.00pm: +0.06%. 

Market movers: FO (+10.00%), DIAMONDBNK (+6.67%), UNILEVER (-5.95%), FBNH (-3.27%).

Sector Performances: Oil & Gas (+0.58%), Industrial (+0.17%), Banking (+0.14%) and Consumer Goods (+0.05%).

Market activity: In today’s early trade, total volume and total value declined by 23% and 10% respectively compared to this time last week Friday as investors have exchanged 37million units of shares worth about N368million. ACCESS is the most actively traded stock with 17million units of shares accounting for about 49% of total volume. 

Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the gains across most sectors continue.

 

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