MIDDAY UPDATE: Nigerian Stocks Head Southward -0.07% on Losses Across Sectors

August 31, 2021/InvestmentOne Update

ASI as at 12.00pm: -0.07%.

Image Credit: quickenloans.com

Market movers: BOCGAS (-9.75%), SKYAVN (-9.73%), TRANSCOHOT (+10.00%), MORISON (+9.73%)   

Sector Performances: Banking (-0.67%), Oil and Gas (-0.14%), Consumer Goods (-0.07%) and Industrial (-0.13%).

Market activity: In today’s trade, investors have traded about 186million units of shares worth N636million. TRANSCORP (-2.17%) is the most actively traded stock thus far with about 68million units of shares accounting for about 36.56% 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 losses across the sectors persist.

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