April 17, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Wednesday is up +0.55 percent on buy interest across sectors, according to InvestmentOne update.
The update reports that market movers are Dangote Flour Mills Plc and Laboratory Services Company, Union Diagnostic & Clinical Services Plc; both are up +8.91 percent and +8.70 percent apiece, while Wema Bank Plc and UAC Property Development Company Plc are down -9.72 percent and -9.64 percent each.
In terms of sector performances, the Consumer Goods and Banking sectors have appreciated +2.56 percent and +0.05 percent respectively, the Oil & Gas and Industrial have gained +0.13 percent and +0.01 percent each.
In terms of market activity, InvestmentOne update reports that in Wednesday’s early trade, total volume and value declined by 55 percent and 63 percent respectively compared to this time on Tuesday as investors have exchanged about 95 million units of shares worth about N1.09 billion.
Top tier lender, Access Bank Plc with a gain of +6.61 percent is the most actively traded stock with 28 million units of shares accounting for about 29 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 across sectors persist,”. the update added.
