July 2, 2020/InvestmentOne Update
ASI as at 12.00pm: -0.24%.
Market movers: CAPHOTEL (-10.00%), CORNERST (-9.09%), JAIZBANK (+9.09%) and NAHCO (+5.53%).
Sector Performances: Banking (-1.48%), Industrial (-0.02%), Consumer Goods and Oil & Gas.
Market activity: In today’s early trade, while total volume declined by 27%, total value rose by 115%, compared to this time yesterday as investors have traded about 55million units of shares worth about N724million. UBA (-3.23%) is the most actively traded stock thus far with about 22million units of shares accounting for about 40% of the total volume.
Likely close: In the absence of significant gains in the prices of MTNN and DANGCEM, the market may close down today if the losses in Banking and Industrial sectors persist.
