MIDDAY UPDATE: Stocks Up +0.06% on Buy Interest in Industrial, Consumer Names

July 5, 2019/InvestmentOne Update

ASI as at 12.00pm: +0.06%. 

Market movers: CONOIL (+9.91%), COURTVILLE (+9.52%), WAPIC (-6.98%), LIVESTOCK (-5.88%).

Sector Performances: Industrial (+0.52%), Consumer Goods (+0.18%), Banking (-0.20%) and Oil & Gas (-0.08%).

Market activity: In today’s early trade, while total volume rose by 62%, total value declined by 60% compared to this time yesterday as investors have exchanged over 107million units of shares worth about N355million. WAPIC (-6.98%) is the most actively traded stock thus far with about 78million units of shares accounting for about 73% of total volume. 

Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the buy interests in Industrial and Consumer names persist.

 

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