August 30, 2019/InvestmentOne Update
ASI as at 12.00pm: +0.18%.
Market movers: MBENEFIT (+4.76%), FIDELITYBK (+2.41%), ROYALEX (-9.09%), WAPIC (-7.69%).
Sector Performances: Banking (+0.06%), Consumer Goods, Oil & Gas and Industrial.
Market activity: In today’s early trade, total volume declined by 26% while total value rose by 341% compared to this time yesterday as investors have exchanged about 14million units of shares worth about N490million. MTNN (+0.86%) is the most actively traded stock thus far with about 3million units of shares accounting for about 21% of total volume.
Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the gains in Banking sector persist
