May 19, 2020/InvestmentOne Update

ASI as at 12.00pm: +0.33%. 

Market movers:   CILEASING (+6.52%), NASCON (+4.27%), FIDSON (-8.36%) and OKOMUOIL (-3.30%). 

Sector Performances: Banking (+1.46%), Consumer Goods (+0.07%), Industrial (-0.04%) and Oil & Gas.  

Market activity: In today’s early trade, total volume and value increased by 27% and 86% respectively compared to this time yesterday as investors have traded 144million units of shares worth about N1.51billion. ACCESS (+1.56%) is the most actively traded stock thus far with about 76million units of shares accounting for about 53% 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 and Consumer names persist.