March 25, 2021/InvestmentOne Update
ASI as at 12.00pm: +0.29%.
Market movers: STANBIC (+9.91%), NEIMETH (+9.55%), SOVRENINS (-8.33%) and NPFMCRFBK (-7.22%) .
Sector Performances: Banking (+0.22%), Industrial (+0.03%), Oil and Gas (-0.45%) and Consumer Goods.
Market activity: In today’s early trade, total volume and total value decreased by about 70% and 81% compared to this time yesterday, as investors have traded about 41million units of shares worth N561million. STANBIC (+9.91%) is the most actively traded stock thus far with about 4million units of shares accounting for about 10% 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.
