May 21, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stocks Exchange all-share index (NSEASI) as at midday Tuesday is up +2.20 percent on buy interests in the shares of MTN Nigeria Plc, the Banking and Industrial Goods counters.
InvestmentOne update reports that market movers are MTN Nigeria Plc and first listed registrar on the floor of the Nigerian bourse, Africa Prudential Registrars Plc; both have gained 9.98 percent and +9.44 percent each, while on the losing side is Nigeria’s leading identity management and transaction payments systems solution provider, Chams Plc and Honeywell Flour Mills Plc; both have declined -8.11 percent and -7.27 percent apiece.
In terms of sector performances, the report says the Banking and Industrial sectors are up +1.22 percent and +0.13 percent, while the Oil & Gas and Consumer Goods sectors are down -0.29 percent and -0.03 percent respectively.
InvestmentOne reports that market activity in Thursday’s early trade, shows that total volume and value jumped 107 percent and 843 percent respectively compared to this time on Monday as investors have exchanged about 56 million units of shares worth about N2.16 billion.
MTN Nigeria with a gain of +9.98 percent is the most actively traded stock with 12 million units of shares accounting for about 21 percent of total volume.
“Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the buy interests in MTNN, Banking and Industrial Goods continue,” the report added.
