MIDDAY UPDATE: Nigerian Stocks Down -0.12% on Losses in Consumer Goods Counters

October 3, 2019/InvestmentOne Update

ASI as at 12.00pm: -0.12%. 

Market movers: BETAGLAS (-9.96%), UNILEVER (-7.68%), CAVERTON (+8.33%) and CCNN (+5.81%).  

Sector Performances: Consumer Goods (-0.18%), Industrial (+0.49%), Banking (+0.41%) and Oil & Gas.

Market activity: In today’s early trade, total volume increased by 15% to 61million units while total value jumped to N1.02billion from N64million yesterday. GUARANTY (-0.56%) is the most actively traded stock thus far with about 20million units of shares accounting for about 31% of the total volume. 

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

 

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