May 13, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Monday is down -0.04 percent on losses in the Banking, Oil & Gas counters.
InvestmentOne update reports that market movers as at this time are Nigeria’s leading identity management and transaction payments systems solution provider, Chams Plc and ABC Transport Plc; both have lost -10.00 percent and -7.41 percent apiece, Drug producer, Neimeth International Pharmaceutical Plc and Okomu Oil Palm Plc have gained +10.00 percent respectively.
In terms of sector performances, InvestmentOne reports the NSE Oil & Gas and Banking sectors are down -0.64 percent and -0.25 percent each, while the Consumer Goods is up +0.02 percent, the Industrial sector is also on the upward side.
According to the report, market activity in Monday’s early trade shows that total volume and value increased by 44 percent and 18 percent respectively compared to this time on Friday as investors have exchanged about 59 million units of shares worth about N546 million.
UAC of Nigeria Plc, leading diversified company, operating in the Food and Beverage, Real Estate, Paint and Logistics sectors of the economy with a gain of +1.44 percent is the most actively traded stock with 36 million units of shares accounting for about 61 percent of total volume.
“Likely close: In the absence of a significant gain in DANGCEM, the market may close down today if the losses in Banking and Oil & Gas sectors persist,” the InvestmentOne update added.
