Intraday Update: Nigerian Stocks Up +0.11% on Gains in Bellwether Counters

January 15, 2019/InvestmentOne Update

ASI as at 12.00pm: +0.11%. 

Market movers: NEM (+9.83%), OANDO (+9.30%), NEIMETH (-10.00%),  FIRSTALUM (-8.33%).

Sector Performances: Industrial (+1.86%), Oil & Gas (+1.04%), Banking (+0.20%) and Consumer Goods.

Market activity: In today’s early trade, total volume and value increased by 73% and 29% respectively compared to this last Friday as investors have exchanged about 156million units of shares worth about N1.23billion. DIAMONDBNK (-0.96%) is the most actively traded stock with 83million units of shares accounting for about 53% 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 persist.

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