February 22, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Friday is down -0.06 percent and driven by losses in the Industrial Goods sector.
InvestmentOne update reports that market movers are insurer, Regency Alliance Insurance Plc and First City Monument Bank are down -4.17 percent and -1.75 percent each, while Laboratory Services Company, Union Diagnostic & Clinical Services Plc and Ikeja Hotels Plc are up +6.90 percent and +7.04 percent apiece.
In terms of sector performances, InvestmentOne reports the Industrial sector has depreciated -0.15 percent, while the Consumer Goods and Banking sectors have appreciated +0.05 percent and +0.03 percent each, the Oil & Gas is also up +0.33 percent.
In terms of market activity, the update says in Friday’s early trade, total volume and value declined by 31 percent and 29 percent compared to this time on Thursday as investors have exchanged about 58 million units of shares worth about N595 million.
Insurer, Cornerstone Insurance Plc is the most actively traded stock with 18 million units of shares accounting for about 31 percent of total volume.
“Likely close: In the absence of a significant gain in DANGCEM, the market may close down today if the loss in the Industrial sector continues,” the InvestmentOne update added.
