Investors Bite

MIDDAY UPDATE: Nigerian Stocks Inch Up +0.09% on Gains in the Consumer Goods Counters

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L-R, Chief Executive Officer, Enhancing Financial, Innovation and Access Mr Esaie Diei, Regulatory, Innovation Lead, Cambridge Centre for Alternative Finance Mr Philip Rowan, Acting, Director General, Securities and Exchange Commission Ms Mary Uduk and Acting Executive Commissioner, Operations, SEC Mr Isyaku Tilde during a Special Training on Regulating Fintech Innovation in the Nigerian Capital Market in Abuja, weekend

July 29, 2019/InvestmentOne Update

ASI as at 12.00pm: +0.09%. 

Market movers: CAVERTON (+10.00%), DANGFLOUR (+8.91%), TOTAL (-7.45%), CHAMS (-7.14%).

Sector Performances: Consumer Goods (+0.36%), Oil & Gas (-0.97%), Banking (-0.11%) and Industrial.

Market activity: In today’s early trade, total volume and value declined by 72% and 84% compared to this time on Friday as investors have exchanged over 14million units of shares worth about N294million. ZENITHBANK is the most actively traded stock thus far with about 2million units of shares accounting for about 17% of total volume. 

Likely close: In the absence of a significant loss in DANGCEM or MTNN, the market may close up today if the gains in Consumer Goods sector persists.

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