March 29, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Friday has inched up +0.45 percent on gains in Industrial and Consumer Goods counters.
InvestmentOne Update reports that market movers are cement manufacturer, Cement Company of Northern Nigeria Plc and Honyewell Flour Mills Plc; both are up +4.74 percent and +2.50 percent each, while insurer, Cornerstone Insurance Plc and lender, Fidelity Bank Plc are down -4.55 percent and -2.65 percent apiece.
In terms of sector performance, the Industrial and Consumer Goods sectors has risen +1.82 percent and +0.02 percent apiece, while the Oil & Gas and Banking sectors have declined -0.13 percent and -0.10 percent respectively.
According to InvestmentOne report, market activity in Friday’s early trade, shows that while total volume rose by 268 percent, total value declined by 100 percent compared to this time on Thursday as investors have exchanged about 125 million units of shares worth about N1.36 billion.
Chams Plc is the most actively traded stock with 39 million units of shares accounting for about 31 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 the Industrial and Consumer Goods sectors persist,” the InvestmentOne Update said.
