November 5, 2020/InvestmentOne Update
ASI as at 12.00pm: +0.03%.
Market movers: TRANSCORP (+8.45%), JAPAULOIL (+8.33%), WAPIC (-9.09%), ABCTRANS (-8.82%).
Sector Performances: Banking (+0.10%), Consumer Goods (+0.02%), Oil & Gas and Industrial.
Market activity: In today’s early trade, total volume and value rose by 233% and 270% respectively compared to this time yesterday, as investors have traded about 183million units of shares worth N3.46billion. FBNH (+0.79%) is the most actively traded stock thus far with about 54million units of shares accounting for about 30% 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 Consumer Goods sector persist.
