MIDDAY UPDATE: Nigerian Stocks Rise +0.64%, Boosted by Consumer, Industrial Counters

March 16, 2021/InvestmentOne Update

Image Credit: retegy.com

ASI as at 12.00pm: +0.64%.

Market movers: REGALINS (+6.67%), CHAMS (+4.55%), AFRIPRUD (-7.34%) and JAPAULGOLD (-6.00%).

Sector Performances: Industrial (+1.70%), Consumer Goods (+0.15%), Banking (-1.37%), and Oil and Gas.

Market activity: In today’s early trade, total volume and value advanced 5% and 35% respectively, compared to this time yesterday, as investors have traded about 83million units of shares worth  N2.3billion.  MANSARD (-0.01%) is the most actively traded stock thus far with about 16million units of shares accounting for about 19% of the total volume.

Likely close: In the absence of significant gains in the prices of DANGCEM and MTN, the market may close up today if the gains in Industrial and Consumer Goods sectors persist.

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