April 1, 2019

By InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Monday is down -0.42 percent on losses across sectors.

InvestmentOne update reports that market movers as at this time are Dangote Flour Mills Plc and Fidelity Bank Plc; both have dipped -9.80 percent and -8.74 percent apiece, while paint manufacturer, Berger Paints Plc and indigenous marine, aviation and logistics services firm, Caverton Offshore Support Group Plc are up +9.70 percent and +9.64 percent each.

In terms of sector performances, InvestmentOne reports the Consumer Goods and Oil & Gas sectors have declined -1.25 percent and -0.38 percent each, while the Banking and Industrial sectors also depreciated -0.30 percent and +0.03 percent respectively.

According to the update, market activity in  Monday’s early trade, shows that while total volume rose by 4 percent, total value declined by 8 percent compared to this time last week Friday as investors have exchanged about 130 million units of shares worth about N1.25 billion.

Africa’s global lender, United Bank for Africa Plc is the most actively traded stock with 48 million units of shares accounting for about 37 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 persist,” the InvestmentOne update added.