MIDDAY UPDATE: Nigerian Equities Market Up +1.57% as Gains Across Sectors Persist

June 8, 2020/InvestmentOne Update

ASI as at 12.00pm: +1.57%

Market movers:  FIDSON (+9.80%), NEIMETH (+9.60%), BOGAS (-6.82%) and COURTVILLE (-4.76%). 

Sector Performances:  Banking (+0.96%), Industrial (+0.72%)Consumer Goods (+0.05%) and Oil & Gas (0.80%).  

Market activity: In today’s early trade, while total volume increased by 6%, total value declined by 38% compared to this time last week Friday as investors have traded about 73million units of shares worth about N490million. JAPAULOIL (-10.00%) is the most actively traded stock thus far with about 16million units of shares accounting for about 22% 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 most sectors persist.

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