MIDDAY UPDATE; Nigerian Stocks Gain +0.31% on Buy-Interest in Blue-Chips

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November 26, 2020/InvestmentOne Report

ASI as at 12.00pm: +0.31%.

Market movers:   INTBREW (+9.62%), CADBURY (+9.09%), HONYFLOUR (-6.78%) and UNITYBNK (-5.06%).

Sector Performances:  Consumer Goods (+1.02%), Banking (+0.99%), Industrial (+0.03%) and Oil & Gas.

Market activity: In today’s early trade, total volume and value dropped by about 58% and 78% compared to yesterday as investors have traded about 100million units of shares worth N990million. ACCESS (+1.75%) is the most actively traded stock thus far with about 12million nits of shares accounting for about 12% 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 most major sectors persists.

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