November 25, 2020/InvestmentOne Update
ASI as at 12.00pm: +1.29%.
Market movers: FLOURMILL (+9.65%), DANGSUGAR (+8.97%), ABCTRANS (-8.57%) and CORNERST (-7.94%).
Sector Performances: Banking (+2.43%), Industrial (+1.74%), Consumer Goods (+1.19%) and Oil & Gas (+0.32%).
Market activity: In today’s early trade, total volume and value rose by about 45% and 107% compared to yesterday as investors have traded about 237million units of shares worth N4.50billion. TRANSCORP (+7.61%) is the most actively traded stock thus far with about 53million units of shares accounting for about 22% 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 buy interest in all major sectors persists.
