January 9, 2020/InvestmentOne Update
ASI as at 12.00pm: +3.13%.
Market movers: DANGCEM (+10.00%), CHAMPION (+10.00%), UNIONDICON (-9.88%) and NIGERINS (-4.76%).
Sector Performances: Industrial (+3.22%), Consumer Goods (+0.05%), Banking (-0.54%)and Oil & Gas (-0.07%).
Market activity: In today’s early trade, while total volume increased by 58%, total value shed 7% compared to yesterday as investors have exchanged about 397million units of shares valued at N2.67billion. WAPIC (+5.71%) is the most actively traded stock thus far with about 187million units of shares accounting for about 47% 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 Industrial and Consumer names persist.
