July 27, 2020/InvestmentOne Update
ASI as at 12.00pm: +0.19%.
Market movers: UNITYBNK (+9.62%), WAPCO (+9.13%), SEPLAT (-9.99%) and CUTIX (-6.25%).
Sector Performances: Banking (+1.45%), Industrial (+0.48%), Oil & Gas (-4.89%), and Consumer Goods (-0.05%).
Market activity: In today’s early trade, while total volume increased by 2%, total value declined by 2%, compared to last week Friday as investors have traded about 63million units of shares worth about N661million. WAPCO (+9.13%) is the most actively traded stock thus far with about 13million units of shares accounting for about 21% of the total volume.
Likely close: In the absence of significant losses in the prices of DANGCEM and MTN, the market may close up today if the gains in Industrial and Banking names persist.
