April 1, 2021/InvestmentOne Update
ASI as at 12.00pm: -0.35%.
Market movers: FTNCOCOA (-8.70%), MBENEFIT (-8.70%), UACN (+10.00%) and ROYALEX (+10.00%).
Sector Performances: Banking (-3.18%), Oil and Gas(+0.40%), Consumer Goods (+0.19%) and Industrial (+0.03%).
Market activity: In today’s early trade, while total volume rose by 52%, total value dipped by 31% compared to this time yesterday, as investors have traded about 76million units of shares worth N661million. TRANSCORP is the most actively traded stock thus far with about 7million units of shares accounting for about 9% of the total volume.
Likely close: In the absence of significant gains in the prices of DANGCEM and MTN, the market may close down today if the loss in the Banking sector persists.
