July 31, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Wednesday is down -0.11 percent and driven by losses across most sector.
InvestmentOne reports that market movers are oil marketer, Conoil Plc and paint producer, Berger Paints Nigeria Plc, both have lost -9.88 percent and 9.52 percent apiece, while on the positive side are Jaiz Bank Plc and Prestige Assurance Plc; the duo have gained +7.14 percent and 6.67 percent respectively.
In terms of sector performances, the Oil & Gas and Industrial have depreciated -0.32 percent and -0.17 percent each, the Consumer Goods is down by -0.02 percent, while the Banking has gained thus far by +0.14 percent
According to InvestmentOne update, market activity in Wednesday’s early trade,shows that total volume and value rose by 129 percent and 49 percent compared to this time on Tuesday as investors have exchanged over 57 million units of shares worth about N824 million.
Top tier lender, Zenith Bank Plc with a loss of -0.27 percent is the most actively traded stock thus far with about 25 million units of shares accounting for about 44 percent of total volume.
“Likely close: In the absence of a significant gain in DANGCEM or MTNN, the market may close down today if the losses across most sectors persist,” the InvestmentOne update said.
