September 5, 2019/InvestmentOne Update
ASI as at 12.00pm: -0.16%.
Market movers: IKEJAHOTEL (-9.30%), MBENEFIT (-4.76%), UACN (+10.00%), UAC-PROP (+10.00%).
Sector Performances: Industrial (-0.52%), Banking (-0.28%), Consumer Goods (+0.04%) and Oil & Gas.
Market activity: In today’s early trade, total volume declined by 14% while total value gained by 84% compared to this time yesterday as investors have exchanged about 50million units of shares worth about N1.06billion. GUINNESS (+0.75%) is the most actively traded stock thus far with about 10million units of shares accounting for about 20% of total volume.
Likely close: In the absence of a significant gain in DANGCEM, the market may close down today if the losses in Industrial and Banking sectors persist.
