July 3, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) is down -0.07 percent and driven by sell-offs in the Banking and Oil & Gas counters
InvestmentOne update reports that market movers are Nigeria’s healthcare company, Fidson Healthcare Plc and Livestock Feeds Plc, both have lost -9.90 percent and -9.80 percent each, while on the positive side, BOC Gases Nigeria Plc and Academy Press Plc have both gained +9.93 percent and +9.68 percent respectively.
In terms of sector performances, the Nigerian Stock Exchange (NSE) Banking and Oil & Gas sectors are down -0.35 percent and -0.05 percent apiece, while the Industrial index have gained +0.66 percent and the Consumer Goods is also up.
According to the report, market activity in Wednesday’s early trade, shows that while total volume rose by 14 percent, total valued declined by 27 percent compared to this time on Tuesday as investors have exchanged over 58 million units of shares worth about N752 million.
The update says top tier lender, Zenith Bank International Plc with a loss of -0.77 percent is the most actively traded stock thus far with about 13 million units of shares accounting for about 23 percent of total volume.
“Likely close: In the absence of a significant gain in DANGCEM, the market may close down today if the sell-offs in Banking and Oil & Gas sectors persist,” the InvestmentOne report added .
