MIDDAY UPDATE: Nigerian Stocks Up +0.39% on Gains Across Sectors

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March 24, 2021/InvestmentOne Report

ASI as at 12.00pm: +0.39%.

Market movers:  NPFMCRFBK (+9.60%),  JAPAULGOLD (+6.52%), MRS (-9.70%)  and WAPIC (-9.09%) .

Sector Performances: Industrial (+0.50%), Consumer Goods (+0.19%) Banking (+0.17%)  and Oil and Gas.

Market activity: In today’s early trade, while total volume decreased by about 19%, total value increased by 5% compared to this time yesterday, as investors have traded about 136million units of shares worth  N3billion.  GUARANTY(+0.32%) is the most actively traded stock thus far with about 61million units of shares accounting for about 48% 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.

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