May 2, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchnage all-share index (NSEASI) as at midday Thursday is up slightly by +0.01 percent on gains recorded thus far in the Industrial sector.
InvestmentOne midday update reports that market movers are Nigeria’s leading identity management and transaction payments systems solution provider, Chams Plc and Nigeria’s top conglomerate, Transnational Corporation of Nigeria Plc; both have gained +10.00 percent and , +9.91 percent apiece, while on the flip-side are Afromedia Plc and Dangote Flour Mills Plc; both have lost -10.00 percent and -5.59 percent each.
In terms of sector performances, InvestmentOne reports the Industrial has gained slightly by +0.03 percent and Oil & Gas sector is down -0.43 percent, the Banking and Consumer Goods sector have depreciated -0.14 percent and -0.04 percent respectively.
In terms of market activity, the report says in Thursday’s early trade, total volume was up by 14 percent, while total value decreased by 37 percent compared to this time last Tuesday as investors have exchanged about 123 million units of shares worth about N1.01 billion.
TRANSCORP with a gain of +9.91 percent is the most actively traded stock with 31 million units of shares accounting for about 25 percent of total volume.
“Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the gain in the Industrial sector persists,” the InvestmentOne update added.
