May 20, 2020/InvestmentOne Update
ASI as at 12.00pm: +0.13%.
Market movers: LASACO (+8.70%), WAPIC (+6.90%), UNITYBNK (-9.62%) and NPFMCRFBK (-4.12%).
Sector Performances: Banking (+0.72%), Consumer Goods (+0.06%), Industrial (-0.21%) and Oil & Gas.
Market activity: In today’s early trade, total volume and value fell by 30% and 46% respectively compared to this time yesterday as investors have traded 100million units of shares worth about N810million. ZENITHBANK (+0.95%) is the most actively traded stock thus far with about 20million units of shares accounting for about 20% 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.
