MIDDAY UPDATE: Nigerian Stocks Up +0.24% on Gains Across Sectors

April 9, 2021/InvestmentOne Update

Image Credit: quickenloans.com

ASI as at 12.00pm: +0.24%.

Market movers: PRESTIGE (+9.52%) HONYFLOUR (+8.85%), UNITYBNK (-9.86%)  and ABCTRANS (-9.09%).

Sector Performances: Banking (+0.61%),  Consumer Goods (+0.04%),  Industrial (+0.20%) and Oil and Gas.

Market activity: In today’s early trade, total volume and value advanced 102% and 157% compared to this time yesterday, as investors have traded about 73million units of shares worth  N508million. JAPAULGOLD (+1.72%) is the most actively traded stock thus far with about 12million units of shares accounting for about 16% 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 the most sectors persist.

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