Intraday Update: Nigerian Equities Market Up +1.27% on Gains in Blue-Chips

January 16, 2019/InvestmentOne Report

ASI as at 12.00pm: +1.27%. 

Market movers: GUINNESS (+9.65%), NEM (+9.57%), UCAP (-3.73%),  JAIZBANK (-1.96%).

Sector Performances: Industrial (+1.93%), Consumer Goods (+0.49%), Oil & Gas (+0.26%) and Banking (-0.08%).

Market activity: In today’s early trade, while total volume increased 18%, total value declined by 14% compared to this time yesterday as investors have exchanged about 184million units of shares worth about N1.06billion. DIAMONDBNK (+0.96%) is the most actively traded stock with 125million units of shares accounting for about 67% 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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