February 27, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Wednesday is down -0.18 percent on losses across most sectors.
InvestmentOne update reports that market movers are Veritas Kapital Assurance Plc and Japaul Oil & Maritime Plc; both down -8.00 percent respectively, while soap and detergent producer, PZ Cussons Nigeria Plc and NPF Microfinance Bank Plc are up +9.35 percent and +8.72 percent each.
In terms of sector performances, InvestmentOne reports that the Oil & Gas and Consumer Goods sectors are down -1.06 percent and -0.31 percent each, the Industrial has depreciated by -0.24 percent, while the Banking has gained by +0.05 percent.
Market activity in Wednesday’s early trade, shows that total volume and value decreased by 51 percent and 64 percent compared to this time on Tuesday as investors have exchanged about 88 million units of shares worth about N357 million.
The update reports that lender, Fidelity Bank Plc which has inched up by +0.42 percent is the most actively traded stock with 33 million units of shares accounting for about 38 percent of total volume.
“Likely close: In the absence of a significant gain in DANGCEM, the market may close down today if the losses across most sectors continue,” the InvestmentOne update affirmed.
