November 19, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-Nigerian Stocks as at midday Monday is down -0.04 percent on losses in Banking and Oil & Gas sectors.
InvestmentOne reports that market movers are insurer, Consolidated Hallmark Insurance Plc and oil marketer, Forte Oil Plc; both are down -9.09 percent and -7.77 percent each, on the positive side are Prestige Assurance Plc and FBN Holdings Plc; both are up +8.93 percent and +1.34 percent apiece.
In terms of sector performances, the report says the Oil & Gas and Banking sectors have depreciated -0.43 percent and -0.19 percent respectively, while the Consumer Goods has appreciated +0.03 percent, the Industrial is also up.
In terms of market activity, in Monday’s early trade, the report says total volume and total value traded decreased by 21 percent and 88 percent respectively compared to this time last Friday as investors have exchanged 22 million units of shares worth about N98 million.
Lender, Diamond Bank Plc with a loss of -4.44 percent is the most actively traded stock with 9 million units of shares accounting for about 39 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 OIL & GAS and BANKING sectors continue,” the InvestmentOne update affirmed.
