September 14, 2021/InvestmentOne Update
ASI as at 12.00pm: -0.04%
Market movers: REGALINS (-8.33%), SOVRENINS (-7.41%), UPDC (+9.93%) and ACADEMY (+8.33%),
Sector Performances: Banking (-0.28%), Consumer Goods (-0.17%), Industrial (+0.13%) and Oil and Gas.
Market activity: In today’s trade, while total volume increased by 53%, total value decreased by about 68% compared to this time yesterday, as investors have traded about 75million units of shares worth N490million. MBENEFIT (-6.67%) is the most actively traded stock thus far with about 15million units of shares accounting for about 20% of the total volume.
Likely close: In the absence of significant gains in the prices of DANGCEM and MTN, the market may close on a negative note today if the losses in the Banking and Consumer Goods sectors persist.
