July 7, 2020/InvestmentOne Update
ASI as at 12.00pm: +0.14%.
Market movers: REDSTAREX (+9.76%), STERLNBANK (+4.27%), JBERGER (-9.97%) and OKOMUOIL (-9.95%).
Sector Performances: Banking (+0.55%), Industrial (+0.09%), Consumer Goods (-0.08%) and Oil & Gas.
Market activity: In today’s early trade, total volume and value decreased by 49% and 65% respectively, compared to this time yesterday as investors have traded about 36million units of shares worth about N411million. GUARANTY (-0.24%) is the most actively traded stock thus far with about 8million 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 Banking and Industrial names persist.
