MIDDAY UPDATE: NSE-ASI Up +0.53% on Gains in Banking, Industrial Counters

March 18, 2021/InvestmentOne Report

Image Credit; quickenloans.com

ASI as at 12.00pm: +0.53%.

Market movers:,  ETERNA(+9.96%),LASACO (+7.50%), ABCTRANS (-6.67%) and STERLNBANK (-6.37%).

Sector Performances:, Banking (+4.34%), Industrial (+0.16%), Consumer Goods (-0.21%) and Oil and Gas (-0.11%).

Market activity: In today’s early trade, total volume and value increased by 401% and 249% respectively, compared to this time yesterday, as investors have traded about 356million units of shares worth  N3.70billion.  MULTIVERSE is the most actively traded stock thus far with about 200million units of shares accounting for about 56% 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 Banking and Industrial sectors persist.

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