April 14, 2020/InvestmentOne Update
ASI as at 12.00pm: +0.20%.
Market movers: STANBIC (+9.62%), CAVERTON (+9.36%), FIDELITYBK (-4.76%) and UCAP (-4.35%).
Sector Performances: Banking (+0.92%), Oil & Gas (+0.68%), Consumer Goods (+0.01%) and Industrial (-0.91%) .
Market activity: In today’s early trade, while total value fell by 32% to N957million compared to last week Thursday, total volume rose to 391million units of shares compared 76million units of shares traded around this time last week Thursday. OMOMORBNK (+4.55%) is the most actively traded stock thus far with about 293million units of shares accounting for about 75% of the total volume.
Likely close: In the absence of significant loss in the prices of MTNN and DANGCEM, the market may close up today if the gains in most sectors persist.
