September 2, 2020/InvestmentOne Update
ASI as at 12.00pm: +0.04%.
Market movers: LIVESTOCK (+10.00%), ETERNA (+9.47%), WAPIC(-5.71%), and UBN (-5.66%).
Sector Performances: Banking (+0.14%), Industrial (+0.10%), Oil & Gas (-0.19%) and Consumer Goods (-0.08%).
Market activity: In today’s early trade, total volume and value declined by 90% and 65% respectively, compared to this time yesterday, when investors traded about 100million units of shares worth approximately N367million. TRANSCORP is the most actively traded stock thus far with about 24million units of shares accounting for about 24% 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 Banking and Industrial sectors persist.
