March 20, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Wednesday is down marginally -0.11 percent on losses recorded so far in the Consumer Goods and Oil & Gas sectors.
InvestmentOne mid-trading update reports that market movers are Sovereign Trust Insurance Plc and Sterling Bank Plc; both have depreciated -4.76 percent and -4.68 percent apiece, while Niger Insurance Plc and Access Bank Plc are up +9.52 percent and +5.88 percent each.
In terms of sector performances, the report says the Consumer Goods and Oil & Gas sectors are down -0.76 percent and -0.49 percent respectively, the Banking sector has gained by +0.35 percent and the Industrial has recorded gains as well.
According to InvestmentOne update, market activity in Wednesday’s early trade, shows that total volume and value declined by 39 percent and 37 percent respectively compared to this time on Tuesday as investors have exchanged about 73 million units of shares worth about N739 million.
Top tier lender, Access Bank Plc with a gain of +5.88 percent is the most actively traded stock with 26 million units of shares accounting for about 36 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 the Consumer Goods and Oil & Gas sectors continue,” the update affirmed.
