MIDDAY UPDATE: Nigerian Stocks Up +0.14% on Gains in Consumer Good, Oil & Gas Names

April 29, 2019/InvestmentOne Update

ASI as at 12.00pm: +0.14%. 

Market movers: JBERGER (+10.00%), UACN (+10.00%), TRANSEXPR (-9.88%), MAYBAKER (-9.78%).

Sector Performances: Oil & Gas (+0.78%), Consumer Goods (+0.47%), Banking (-0.35%) and Industrial (-0.05%).

Market activity: In today’s early trade, total volume and value increased by 5% and 96% respectively compared to this time last Friday as investors have exchanged about 57million units of shares worth about N500million. UACN (+10.00%) is the most actively traded stock with 22million units of shares accounting for about 39% of total volume. 

Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the gains in Oil & Gas and Consumer names persist.

 

 

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