May 20, 2019

By InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at 12.00 noon on Monday is up +1.81 percent on gains in the Banking and Consumer Goods counters.

InvestmentOne update reports that market movers are newly listed MTN Nigeria Plc and First City Monument Bank; both have gained +9.96 percent +9.68 percent apiece, on the losing side is Nigeria’s leading diversified listed conglomerate, Transnational Corporation of Nigeria Plc (Transcorp) and food and beverage producer, Cadbury Nigeria Plc are both down -4.84 percent and -2.38 respectively.

In terms of sector performances, InvestmentOne reports the Banking  and Consumer Goods sectors have appreciated +0.19 percent and +0.16 percent each, while the Oil & Gas and Industrial are also on the positive side.

According to the report, market activity in Monday’s early trade, shows that total volume and value declined by 39 percent and 57 percent respectively compared to this time last Friday as investors have exchanged about 27 million units of shares worth about N229 million.

FBN Holdings Plc is the most actively traded stock with 10 million units of shares accounting for about 37 percent of total volume.

“Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the buy interest in Banking and Consumer Goods continue,” the InvestmentOne update added.