April 10, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Wednesday is up +0.14 percent on gains in the Banking sector.
InvestmentOne midday update reports that market movers on the positive side are NPF Microfinance Bank Plc and Honeywell Flour Mills Plc, both are up +8.09 percent and +5.45 percent each, while soap and detergent producer PZ Cussons Nigeria Plc and insurer, Royal Exchange Assurance Plc are down -9.69 percent and -6.90 percent each.
In terms of sector performance, the report says the Banking index has gained +0.28 percent, the Industrial down by -1.22 percent, the Consumer Goods has also lost -0.11 percent, while the Oil & Gas sector is down.
According to the report, market activity in Wednesday’s early trade, shows that total volume and value jumped 134 percent and 28 percent compared to this time on Tuesday as investors have exchanged about 253 million units of shares worth about N1.26 billion.
Top tier conglomerate, Transnational Corporation of Nigeria Plc with a gain of +6.25 percent is the most actively traded stock with 171 million units of shares accounting for about 68 percent of total volume .
“Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the gains across the Banking sector persist,” the InvestmentOne update added.
