May 14, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian equities market as at midday Tuesday is up +0.09 percent on gains in the Banking counters.
InvestmentOne update reports that market movers as at this time are Courteville Business Solutions Plc and Nigeria’s leading conglomerate in several industries, AG Leventis (Nigeria) Plc; both are up +8.33 percent and +7.69 percent each, while Eterna Plc and Regal Alliance Insurance Plc are down -6.33 percent and -4.76 percent apiece.
In terms of sector performances, InvestmentOne reports the Banking and Consumer Goods sectors have gained +0.87 percent apiece, while the Industrial is also up.
The report says that market activity in Tuesday’s early trade, shows that total volume and value increased by 24 percent and 125 percent respectively compared to this time on Monday as investors have exchanged about 73 million units of shares worth about N1.23 billion.
Top tier lender, Guaranty Trust Bank Plc is the most actively traded stock with 24 million units of shares accounting for about 33 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 Banking sector persists,” the Investme ntOne update added.
