MIDDAY UPDATE: Nigerian Stocks Appreciates +0.53% on Gains Across Sectors

December 15, 2020/InvestmentOne Report

Image Credit; quickenloans.com

ASI as at 12.00pm: +0.53%.

Market movers:   MANSARD (+9.38%), FTNCOCOA (+8.33%), OMATEK (-8.33%) and UAC-PROP (-7.06%).

Sector Performances:  Industrial (+1.29%), Banking (+0.51%), Consumer Goods (+0.31%) and Oil & Gas.

Market activity: In today’s early trade, total volume and value declined by about 87% and 68% compared to Friday as investors have traded about 74million units of shares worth N796million. ACCESS (+0.62%) is the most actively traded stock thus far with about 16million 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 gains in most sectors persists.

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