March 9, 2021/InvestmentOne Update
ASI as at 12.00pm: -0.69%.
Market movers: UBA (-10.00%), CAVERTON (-9.55%), CHAMPION (+9.78%) and NEIMETH (+9.71%).
Sector Performances: Banking (-5.20%), Industrial (-0.39%), Consumer Goods (+0.70%) and Oil & Gas (+0.26%).
Market activity: In today’s early trade, total volume and value increased by 185% and 165% respectively compared to this time yesterday, as investors have traded about 263million units of shares worth N3.68billion. UBA (-10.00%) is the most actively traded stock thus far with about 115million units of shares accounting for about 44% of the total volume.
Likely close: In the absence of significant gains in the prices of DANGCEM and MTN, the market may close down today if the losses in Banking and Industrial sectors persist.
