MIDDAY UPDATE: Nigerian Stocks Inch Down -0.32%, Dragged by MTNN

March 26, 2021/InvestmentOne Update

Image Credit: retegy.com

ASI as at 12.00pm: -0.32%.

Market movers:  AFRINSURE (-4.76%)UAC-PROP (-2.44%), PRESTIGE (+9.76%)  and ABCTRANS (+7.14%).

Sector Performances: Banking (+0.16%),  Consumer Goods (+0.05%), Industrial and Oil and Gas.

Market activity: In today’s early trade, total volume and  total value increased by about 14% and 36% compared to this time yesterday, as investors have traded about 47million units of shares worth  N766million.  GUARANTY(+0.32%) is the most actively traded stock thus far with about 9million units of shares accounting for about 19% of the total volume.

Likely close: In the absence of significant gain in the price of DANGCEM, the market may close down today if the loss in MTN persists.

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