April 11, 2019
by InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Thursday has appreciated +0.25 percent on gains in the Banking and Industrial Goods counters, according to InvestmentOne update.
The report says market movers are Veritas Kapital Assuarnce Plc and drugmaker, GlaxoSmithKline Consumer Nigeria (GSK) Plc are both up +5.00 percent and +4.68 percent each, while Ikeja Hotels Plc and ABC Transport Plc are both down -9.76 percent and -8.33 percent apiece.
In terms of sector performances, InvestmentOne reports that the Industrial and Banking sectors have gained +0.83 percent and +0.68 percent respectively, while the Consumer Goods have lost -0.06 percent and the Oil & Gas is also down.
In terms of market activity, the update reports that in Thursday’s early trade, total volume and value declined by 78 percent and 41 percent compared to this time on Wednesday as investors have exchanged about 56 million units of shares worth about N741 million.
Top tier lender, Zenith Bank Plc with a loss of -0.15 percent is the most actively traded stock with 20 million units of shares accounting for about 36 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 Banking and Industrial sectors persist,” InvestmentOne added.
