MIDDAY UPDATE: Nigerian Equities Market Appreciates +1.29% on Gains in Banking, Industrial Counters

November 14, 2019/InvestmentOne Report

ASI as at 12.00pm: +1.29%. 

Market movers: FIDELITYBK (+10.00%), ACCESS (+9.64%), LASACO (-3.70%) and CONTINSURE (-3.48%).

Sector Performances: Banking (+5.02%), Industrial (+0.31%), Consumer Goods and Oil & Gas.

Market activity: In today’s early trade, total volume and value declined by 57% and 76% respectively compared to this time yesterday as investors have exchanged about 174million units of shares valued at N2.12billion. ACCESS (+9.64%) is the most actively traded stock thus far with about 38million units of shares accounting for about 22% of the total volume. 

Likely close: In the absence of a significant loss in the prices of DANGCEM and MTNN, the market may close up today if the gains recorded in the Banking and Industrial sectors persist.

 

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