August 6, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Tuesday is down -0.04 percent on losses recorded in the Banking and Industrial Goods sectors.
InvestmentOne update reports that market movers on the negative territory are Nigerian glass maker, Beta Glass Plc and Pan-Africa lender, Ecobank Transnational Incorporated, both have recorded losses by -9.95 and -6.94 percent apiece, Financial and investment services firm, United Capital Plc, both have gained +1.94 percent and +1.64 percent respectively.
In terms of sector performances, the report says the Banking and Industrial have depreciated -0.73 percent and -0.32 percent each, while the Oil & Gas and Consumer Goods are on the downward side.
InvestmentOne reports that market activity in Tuesday’s early trade, shows that total volume and value rose by 290 percent and 317 percent compared to this time on Monday as investors have exchanged over 89.75 million units of shares worth about N1.13 billion.
Top tier lender, Access Bank Plc with a gain of +2.46 percent is the most actively traded stock thus far with about 57.45 million units of shares accounting for about 64 percent of total volume.
“Likely close: In the absence of a significant gain in DANGCEM, the market may close down today if the losses in Banking and Industrial sectors persist,” the update affirmed.
