April 16, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian equities market as at midday Tuesday is up +0.62 percent on buy interest in the Banking and Consumer Goods sectors.
InvestmentOne reports that market movers as at this time are Nigeria’s leading identity management and transaction payments systems solution provider, Chams Plc and Dangote Flour Mills Plc; both have gained +10.00 percent and +9.78 percent respectively, while on the flip-side, is lender, Fidelity Bank Plc and soap producer, Unilever Nigeria Plc; both have lost -2.07 percent and -0.73 percent apiece.
In terms of sector performances, the Consumer Goods is up +1.63 percent, the Banking has gained +0.91 percent, while the Oil & Gas and Industrial are also on the positive side.
According to InvestmentOne report, market activity in Tuesday’s early trade, shows that total volume and value jumped by 164 percent and 187 percent respectively compared to this time on Monday as investors have exchanged about 211 million units of shares worth about N3.01 billion.
The update says that Union Bank of Nigeria Plc with a loss of -0.73 percent is the most actively traded stock with 134 million units of shares accounting for about 64 percent of total volume.
“Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the buy interests in the Consumer and Banking names persist,” the reported added.
