September 15, 2020/InvestmentOne Update

ASI as at 12.00pm: -0.07%.

Market movers: UNIONDAC (-7.41%), MANSARD (-2.16%), IKEJAHOTEL (+9.52%), and UAC-PROP (+9.20%).

Sector Performances:   Banking (-0.31%), Consumer Goods (-0.11%), Oil & Gas,  and Industrial.                                                                                                                         

Market activity: In today’s early trade, total volume and value fell by 31% and 45% respectively, compared to yesterday, as investors have traded about 74million units of shares worth approximately N540million. FBNH (-1.96%) is the most actively traded stock thus far with about 43million units of shares accounting for about 58% of the total volume.

Likely close: In the absence of significant gains in the prices of DANGCEM and MTN, the market may close down today if the losses in Banking and Consumer Goods names persist.