January 7, 2021/InvestmentOne Update
ASI as at 12.00pm: +0.13%.
Market movers: FTNCOCOA (+10.00%), JAPAULGOLD (+9.88%), NAHCO (-4.35%) and GUINNESS (-4.08%).
Sector Performances: Banking (+0.59%), Consumer Goods (-0.29%), Industrial (-1.07%) and Oil & Gas.
Market activity: In today’s early trade, while total volume fell by 18%, total value increased by 19% compared to this time yesterday as investors have traded about 93million units of shares worth N1.08billion. DANGSUGAR (+3.83%) is the most actively traded stock thus far with about 20million 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 the Banking and Consumer Goods sectors persist.
