MIDDAY UPDATE: Nigerian Equities Market Dips -0.06% Dragged by Banking, Consumer Counters

September 28, 2021/InvestmentOne Update

Image Credit: quickenloans.com

ASI as at 12.00pm: -0.06%

Market movers:  MANSARD (-9.70%)TRIPPLEG (-6.25%), CHAMS (+4.55%) and LIVESTOCK (+3.15%).

Sector Performances: Banking (-0.46%), Consumer Goods (-0.04%),. Oil and Gas and Industrial.

Market activity: In today’s trade, total volume and value increased by 800% and 261% compared to this time yesterday, as investors have traded about 441million units of shares worth N2.2 billion. HONYFLOUR (-0.52%) is the most actively traded stock thus far with about 401million units of shares accounting for about 91% of the total volume.

Likely close: In the absence of significant gains in the prices of DANGCEM and MTN, the market may close negatively today if the losses in the Banking and Consumer Goods sectors persist.

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