June 17, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at 12.00 noon on Monday is +0.09 percent up on gains across sectors.
InvestmentOne update reports that market movers are Japaul Oil & Maritme Services Plc and Forte Oil Plc; both have gained +8.33 percent and +5.44 percent apiece, while on the negative side, Royal Exchange Assurance Plc and AIICO Insurance Plc have lost -8.33 percent and -2.90 percent respectively.
In terms of sector performances, the report says the Oil & Gas and Consumer Goods sectors have gained +0.34 percent each, while the Banking is up +0.14 percent, the Industrial is also on the gaining streak.
According to InvestmentOne report, market activity in Monday’s early trade, shows that total volume and total value jumped by 3217 percent and 13 percent respectively compared to this time Friday as investors have exchanged over 2.72 billion units of shares worth about N2.05 billion.
Mid tier lender, Wema Bank Plc is the most actively traded stock with about 2.69 billion units of shares accounting for about 99 percent of total volume.
“Likely close: In the absence of significant losses in MTNN and DANGCEM, the market may close up today if the gains in most sectors persist,” the report added.
