February 20, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-Nigerian stocks as at midday Wednesday is up +0.43 percent on gains across sectors, according to InvestmentOne update.
The report says market movers are Jaiz Bank Plc and Honeywell Flour Mills Plc; both are up +7.14 percent and +6.92 percent each, while Goldlink Insurance Plc and GlaxoSmithKline Consumer Nigeria Plc are down -9.43 percent and -3.75 percent each.
In terms of sector performances, the Consumer Goods and Banking sectors have gained +1.34 percent and +1.03 percent apiece, in the same vein, the Oil & Gas is up +0.86 percent, while the Industrial is down -0.59 percent.
According to InvestmentOne, market activity in Wednesday’s early trade, shows that while total volume declined by 24 percent, total value jumped 284 percent compared to this time on Tuesday as investors have exchanged about 123 million units of shares worth about N3.15 billion.
Top tier lender, Guaranty Trust Bank Plc with a gain of +1.33 percent is the most actively traded stock with 26 million units of shares accounting for about 21 percent of total volume.
“Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the gains in most sectors continue,” the InvestmentOne update added.
