February 4, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Monday is up +0.14 percent on gains across sectors.
InvestmentOne reports that market movers are Nigeria’s leading logistics company, Red Star Express Plc and Dangote Flour Mills Plc; both have appreciated +10.00 percent and +3.45 percent each, while Academy Press Plc and Lasaco Assurance Plc depreciated -8.89 percent and -3.23 percent apiece.
In terms of sector performance, InvestmentOne reports that the Banking and Industrial sectors are up +0.19 percent and +0.10 percent respectively, the Consumer Goods has risen by +0.04 percent and the Oil & Gas is also up.
In terms of market activity in Monday’s early trade, total volume and value declined by 45 percent and 83 percent respectively compared to this time last Friday as investors have exchanged about 34 million units of shares worth about N208 million.
REDSTAREX with a gain of +10.00 percent is the most actively traded stock with 6 million units of shares accounting for about 17 percent 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 continue,” the InvestmentOne update affirmed.
