August 26, 2019
By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Monday is down -0.91 percent on losses recorded thus far in the Oil & Gas and Industrial Goods sectors.
InvestmentOne update reports that market movers as the time of filing in this report are construction giant, Julius Berger Nigeria Plc and Triple Gee & Company Plc, both have lost -9.95 percent and -9.52 percent each, while on the positive side are ABC Transport Plc and insurer, Consolidate Hallmark Insurance Plc; both have gained +10.00 percent and +7.14 percent respectively.
In terms of sector performances, the Oil & Gas and Industrial sectors have depreciated -0.54 percent and -0.41 percent apiece, while the Consumer Goods and Banking sectors have appreciated +0.07 percent and +0.01 percent respectively,
According to InvestmentOne, market activity in Monday’s early trade, shows that total volume and value fell by 97 percent and 41 percent respectively, compared to this time last Friday as investors have exchanged about N30 million units of shares worth about N740 million.
Africa’s global lender, United Bank for Africa Plc with a gain of +0.83 percent is the most actively traded stock thus far with about 7 million units of shares accounting for about 23 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 Oil & Gas and Industrial sectors persist,” the report added.
