March 26, 2019
By Paschal IJEH InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Tuesday has inched up +0.10 percent on gains recorded so far across sectors.
InvestmentOne midday update reports that market movers as at the time of this report are insurers, Consolidated Hallmark Insurance Plc and Nem Insurance Plc; both climbed up +7.41 percent and +6.33 percent each, while Presco Plc and mid-tier lender, Wema Bank Plc are down -5.88 percent and -2.50 percent apiece.
In terms of sector performances, the NSE Banking and Oil & Gas sectors have gained marginally +0.23 percent and +0.04 percent respectively, the Consumer Goods is up +0.02 percent and Industrial is up too.
InvestmentOne reports that market activity in Tuesday’s early trade, shows that total volume and value declined by 44 percent and 78 percent respectively compared to this time on Monday as investors have exchanged about 42 million units of shares worth about N457 million.
FBN Holdings Plc with a slight gain of +0.61 percent is the most actively traded stock with 11 million units of shares accounting for about 26 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.
