May 14, 2020/InvestmentOne Update
ASI as at 12.00pm: +0.11%.
Market movers: FIDSON (+9.62%), NPFMCRFBK (+9.46%), UNITYBANK (-8.33%) and CORNERST (-6.78%).
Sector Performances: Banking (+0.97%), Consumer Goods (-0.33%), Industrial (-0.19%) and Oil & Gas.
Market activity: In today’s early trade, total volume and value rose by 56% and 95% respectively compared to this time yesterday as investors have traded 70million units of shares worth about N661million. GUARANTY (+2.56%) is the most actively traded stock thus far with about 20million units of shares accounting for about 29% of the total volume.
Likely close: In the absence of significant losses in the prices of MTNN and DANGCEM, the market may close up today if the gains in Banking names persist.
