MIDDAY UPDATE: Nigerian Stocks Up +0.65% on Gains in Banking Counters

November 20, 2019/InvestmentOne Update

ASI as at 12.00pm: +0.65%.  

Market movers:, LINKASSURE (+9.80%) LEANAFRRICA (+9.48%), COURTVILLE (-8.00%) and LASACO (-7.14%).

Sector Performances: Banking (+0.88%), Consumer Goods (-0.51%), Industrial and Oil & Gas

Market activity: In today’s early trade, total volume and value fell by 42% and 60% respectively compared to this time yesterday as investors have exchanged about 96million units of shares valued at N1billion. UBA (+3.47%) is the most actively traded stock thus far with about 25million units of shares accounting for about 27% 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 gain recorded in Banking sector persist.

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