June 13, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Thursday is up +0.14 percent and driven by gains in the shares of MTN Nigeria and the Consumer Goods counters.
InvestmentOne update reports that market movers are Glaxosmithkline Consumer Nigeria Plc and Unilever Nigeria Plc; both have gained +9.15 percent and +3.39 percent each, while C & I Leasing Plc and Access Bank Plc have lost -9.87 percent and -2.34 percent apiece.
In terms of sector performances, InvestmentOne reports the Consumer Goods has appreciated +0.24 percent, while the Industrial and Oil & Gas has inched down -0.55 percent and -0.30 percent respectively, the Banking has declined by -0.15 percent.
According to the update, market activity in Thursday’s early trade, shows that while total volume declined by 53 percent, total value increased by 11 percent compared to this time on Tuesday as investors have exchanged over 57 million units of shares worth about N1.70 billion.
Top tier lender, Zenith Bank Plc with a loss of -0.74 percent is the most actively traded stock with about 16 million units of shares accounting for about 28 percent of total volume.
“Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the gains in MTN and Consumer Goods sector persist,” the Update affirmed.
