April 18, 2019
By InvestAdvocate
Lagos INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Thursday is up +0.39 percent on buy interest across most sectors, according to InvestmentOne update.
The update says market movers are Dangote Flour Mills Plc and market leader in aluminum sheets in Nigeria, First Aluminum Nigeria Plc has gained +8.65 percent and +7.89 percent each, while on the negative side are C & I Leasing Plc and construction giant, Julius Berger Nigeria Plc; both have lost -9.89 percent and -9.09 percent apiece.
In terms of sector performances, the report says the Banking and Consumer Goods sectors are up +0.82 percent and +0.32 percent respectively, while the Industrial has appreciated by +0.26 percent, the Oil & Gas is also up, according to InvestmentOne.
The report says market activity in Thursday’s early trade, shows that total volume was up by 7 percent, while total value declined by 37 percent compared to this time on Wednesday as investors have exchanged about 102 million units of shares worth about N688 million.
Top tier lender, Access Bank Plc with a gain of +4.51 percent is the most actively traded stock with 35 million units of shares accounting for about 34 percent of total volume.
“Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the buy interest across most sectors persists,” the report affirmed.
