MIDDAY UPDATE: Nigerian Stocks Appreciate +0.03% on Gains in Oil & Gas Sector

August 9, 2019/InvestmentOne Update

ASI as at 12.00pm: +0.03%. 

Market movers: CONTINSURE (+9.45%), WAPIC (+8.33%), UACN (-9.57%), TRANSCORP (-2.25%).

Sector Performances: Oil & Gas (+0.16%), Banking (-0.27%), Consumer Goods (-0.08%) and Industrial.

Market activity: In today’s early trade, total volume and value is up by 400% and 818% respectively compared to this time yesterday as investors have exchanged over 135million units of shares worth about N3.39billion. GUARANTY (-0.37%) is the most actively traded stock thus far with about 124million units of shares accounting for about 92% of total volume.  

Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the gain in Oil & Gas sector persists.

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