October 23, 2020, InvestmentOne Update

ASI as at 12.00pm: +0.10%.

Market movers:  CUTIX (+6.74%), FIDELITYBK (+6.15%), UAC-PROP (-2.53%) and UCAP (-1.58%).

Sector Performances:  Banking (+0.37%), Industrial (+0.09%), Oil & Gas (-0.11%) and Consumer Goods (-0.07%).                                                                                                                 

Market activity: In today’s early trade, total volume and value advanced 7% and 16% respectively, compared to this time yesterday, as investors have traded about 128million units of shares worth N2.29billion. GUARANTY (+0.33%) is the most actively traded stock thus far with about 69million units of shares accounting for about 50% 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.