November 26, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-Nigerian stocks as at midday Monday is down -0.04 percent on losses in the Banking and Consumer Goods sectors, according to InvestmentOne update.
The update says market movers as at the time of filing in this report are, Diamond Bank Plc and Ikeja Hotels Plc; both are down -9.47 percent and -8.38 percent each; while on the positive side, drugmaker, GlaxoSmithKline Consumer Nigeria Plc and insurer, Prestige Assurance Plc are both up +9.43 percent and +7.59 percent respectively.
In terms of sector performance, InvestmentOne reports that the Banking and Consumer Goods sectors have depreciated -0.08 percent and -0.02 percent apiece; while the Oil & Gas and Industrial indices are also down.
In terms of market activity, the update says in Monday’s early trade, total volume and value traded declined by 82 percent and 21 percent respectively compared to this time last Friday as investors have exchanged 23 million units of shares worth about N92 million.
According to the report, Interlinked Technologies Plc 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 the Banking and Consumer Goods sectors continue,” the InvestmentOne update affirmed.
