October 14, 2020/InvestmentOne Report

ASI as at 12.00pm: +0.10%.

Market movers:  ETERNA (+9.82%), CORNERST (+5.00%), ETERNZACT (-9.91%) and COURTVILLE (-4.76%).

Sector Performances:  Banking (+0.53%), Consumer Goods (+0.14%), Industrial (+0.13%) and Oil & Gas.                                                                                                                  

Market activity: In today’s early trade, total volume and value declined by 77% and 50% respectively, compared to this time yesterday, as investors have traded about 87million units of shares worth N1.44billion. ZENITHBANK (+0.25%) is the most actively traded stock thus far with about 38million units of shares accounting for about 44% 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 the most sectors persist.