Intraday Update: Nigerian Stocks Rise +1.24% on Gains Across Sectors

Image Credit; quickenloans.com

December 30, 2020/InvestmentOne Update

ASI as at 12.00pm: +1.24%.

Market movers: BUACEMENT (+10.00%), ETERNA (+10.00%), FTNCOCOA (-9.88%) and DEAPCAP (-7.41%).

Sector Performances:  Industrial (+3.88%), Consumer Goods (+0.53%), Banking (+0.38%) and Oil & Gas.

Market activity: In today’s early trade, total volume and value fell by 76% and 21% respectively compared to this time yesterday as investors have traded about 112million units of shares worth N1.20billion. UBA (+2.35%) is the most actively traded stock thus far with about 19million units of shares accounting for about 17% 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 persist.

Leave a Comment

Your email address will not be published. Required fields are marked *

*