June 24, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Monday has inched up +0.08 percent and driven by gains in the Consumer and Industrial Goods names.
InvestmentOne update reports that market movers are Drugmaker, GlaxoSmithKline Consumer Nigeria Plc and Prestige Assurance Plc; both are up +9.63 percent and 0+9.26 percent respectively, while on the flip-side are Forte Oil Plc and Chams Plc; both are down -7.05 percent and -6.45 percent apiece.
In terms of sector performances, InvestmentOne reports that the Industrial and Consumer Goods Sectors have gained +0.67 percent and +0.63 percent each, while the Oil & Gas and Banking sectors have lost -0.52 percent and -0.45 percent apiece.
According to the update, market activity in Monday’s early trade, shows that total volume and value rose by 412 percent and 535 percent respectively compared to this time last week Friday as investors have exchanged over 409.5 million units of shares worth about N8 billion.
Top tier lender, Zenith Bank Plc is the most actively traded stock thus far with about 342 million units of shares accounting for about 84 percent of total volume.
“Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the gains across Industrial and Consumer sectors persist,” the InvestmentOne report affirmed.
