August 21, 2020/InvestmentOne Update
ASI as at 12.00pm: +0.24%.
Market movers: CHAMPION (+9.86%), INTBREW (+9.09%), CUTIX (-9.37%), and ABCTRANS (-6.98%).
Sector Performances: Consumer Goods (+1.01%), Banking (+0.77%), Industrial (-0.01%) and Oil & Gas.
Market activity: In today’s early trade, while total volume declined by 34%, total value increased by 101%, compared to this time yesterday, as investors have traded about 48million units of shares worth about N626million. ZENITHBANK (+0.30%) is the most actively traded stock thus far with about 7million units of shares accounting for about 15% 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 Consumer Goods and Banking sectors persist.
