MIDDAY UPDATE: Nigerian Stocks Up +0.20% on Gains in Most Sectors

March 29, 2021/InvestmentOne Update

ASI as at 12.00pm: +0.20%.

Image Credit: retegy.com

Market movers:  COURTVILLE (+10.00%)  CUSTODIAN (+10.00%), HONYFLOUR(-4.84%)  and AIICO (-4.00%). 

Sector Performances: Banking (+1.62%) Consumer Goods (+0.30%)Industrial (+0.07%) and Oil and Gas.

Market activity: In today’s early trade, total volume and  total value increased by about 500% and 894% compared to this time last Friday, as investors have traded about 282million units of shares worth  N7billion.  GUARANTY(+3.17%) is the most actively traded stock thus far with about 215million units of shares accounting for about 76% 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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