January 17, 2020/InvestmentOne Update

ASI as at 12.00pm: +0.16%. 

Market movers: LASACO (+3.08%), ZENITHBANK (+1.15%), GOLDBREW (-8.99%) and OMATEK (-8.89%).  

Sector Performances: Banking (+0.77%), Industrial (+0.11%), Consumer Goods (-0.04%) and Oil & Gas.

Market activity: In today’s early trade, while total volume rose by 9%, total value declined by 34% compared to this time on yesterday as investors have exchanged about 112million units of shares valued at N954million. ACCESS (+0.97%) is the most actively traded stock thus far with about 25million 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 Banking and Industrial sectors persist.