MIDDAY UPDATE: Nigerian Stocks Positive on Gains in Banking, Oil & Gas Counters

June 26, 2019/InvestmentOne Update

ASI as at 12.00pm: 0.00%. 

Market movers: CILEASING (+9.33%), FO (+4.83%), CHAMPION (-9.47%), CHAMS (-6.67%).

Sector Performances: Oil & Gas (+0.43%), Banking (+0.16%), Consumer Goods (-0.05%) and Industrial.

Market activity: In today’s early trade, total volume and value declined by 50% and 72% respectively compared to this time yesterday as investors have exchanged over 63million units of shares worth about N684million. CILEASING (+9.33%) is the most actively traded stock thus far with about 11million units of shares accounting for about 17% of total volume. 

Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the gains in Banking and Oil & Gas sectors persist.

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