April 25, 2019

By InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Thursday is up +0.14 percent and driven by gains in blue-chip companies. 

 InvestmentOne update reports that market movers are Dangote Flour Mills Plc and Consolidated Hallmark Plc; both have gained +9.69 percent and +8.00 percent respectively, while on the flip-side are brewer, Guinness Nigeria Plc and Jaiz Bank Plc; both have declined -10.00 percent and -8.33 percent each.

In terms of sector performances, the Oil & Gas and Banking sector are up +0.34 percent and +0.30 percent apiece, while the Consumer Goods and Industrial sectors have gained +0.08 percent, while the Industrial sector have declined -0.72 percent.

In terms of market activity, InvestmentOne reports that in Thursday’s early trade, total volume and value increased by 114 percent and 339 percent respectively compared to this time on Wednesday as investors have exchanged about 369 million units of shares worth about N5.84 billion.

According to the report, construction giant, Julius Berger Nigeria Plc is the most actively traded stock with 218 million units of shares accounting for about 59 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 most sectors persist,” the InvestmentOne update added.