September 4, 2019/InvestmentOne Report

ASI as at 12.00pm: -0.63%.  

Market movers: FO (-9.73%), NESTLE (-3.85%), UACN (+9.89%), AFRIPRUD (+9.37%).

Sector Performances: Consumer Goods (-1.90%), Oil & Gas (-0.97%), Industrial (-0.53%) and Banking (+0.59%).

Market activity: In today’s early trade, both total volume and value declined by 56% compared to this time yesterday as investors have exchanged about 58million units of shares worth about N675million. ACCESS (+0.75%) is the most actively traded stock thus far with about 18million units of shares accounting for about 31% of total volume.  

Likely close: In the absence of a significant gain in DANGCEM, the market may close down today if the losses across most sectors persist.