October 6, 2020/InvestmentOne Report

ASI as at 12.00pm: +3.60%.

Market movers: CORNERST (+10.00%), NNFM (+9.88%), NPFMCRFBK (-8.76%) and BERGER (-6.92%).

Sector Performances: Industrial (+5.40%), Banking (+3.88%), Consumer Goods (+1.53%)  and Oil & Gas (+0.75%).                                                                                                        

Market activity: In today’s early trade, total volume and value rose by 23% and 43% respectively, compared to yesterday, as investors have traded about 326million units of shares worth approximately N4.68billion. ZENITHBANK (+2.49%) is the most actively traded stock thus far with about 68million 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 most sectors persist.