November 14, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Wednesday has inched up +0.04 percent on gains in the Consumer Goods sector.
InvestmentOne update says market movers are insurer, Nem Insurance Plc and Dangote Sugar Refinery Plc; both are up +3.89 percent and +2.39 percent apiece, while on the flip-side are Diamond Bank Plc and Jaiz Bank Plc; both are down -9.52 percent and -9.09 percent respectively.
In terms of sector performance, InvestmentOne reports the Consumer Goods index has appreciated by +0.08 percent, the Banking index depreciated -0.06 percent, also with the Oil & Gas and Industrial counters.
The update says market activity in Wednesday’s early trade, shows that total volume and total value declined by 75 percent and 51 percent respectively compared to this time on Tuesday as investors have exchanged 77 million units of shares worth about N457 million.
FBN Holdings Plc with a gain of +2.01 percent is the most actively traded stock with 42 million units of shares accounting for about 54 percent of total volume.
“Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the gains in the Consumer Goods sector continue,” the InvestmentOne report affirmed.
