March 22, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian equities market as at midday Friday is up +0.35 percent and driven by the shares of Access Bank Plc.
InvestmentOne update reports that ACCESS is the most actively traded stock with 83 million units of shares accounting for about 67 percent of total volume .
According to the report, market movers are DN Meyer Plc and Sterling Bank Plc both have gained +9.26 percent and +4.70 percent each, while Regal Alliance Insurance Plc and PZ Cussons Nigeria Plc are down -7.69 percent and -6.67 percent apiece.
In terms of sector performances, the Nigerian Stock Exchange (NSE) Banking and Industrial sectors are up +1.74 percent and +1.57 percent respectively, the Oil & Gas sector has inched up by +0.13 percent and the Consumer Goods down by -0.11 percent.
InvestmentOne reports that market activity in Friday’s early trade, shows that total volume and value increased by 22 percent and 40 percent respectively compared to this time on Thursday as investors have exchanged about 124 million units of shares worth about N1.37 billion.
“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 update affirmed.
