MIDDAY UPDATE: Nigerian Stocks Appreciates +0.36% on Gains Across Sectors

October 6, 2021/InvestmentOne Update

Image Credit: quickenloans.com

ASI as at 12.00pm: +0.36%

Market movers: FBNH (+10.00%),  NNFM (+6.49%), SOVRENINS (-4.17%) and JAPAULGOLD (-4.08%).

Sector Performances: Banking (+1.91%), Industrial (+0.05%)Consumer Goods (+0.04%) and Oil and Gas

Market activity: In today’s trade, total volume decreased by 10% while value increased by 39% compared to this time yesterday, as investors have traded about 180million units of shares worth N1.71billion. FBNH (+10.00%) is the most actively traded stock thus far with about 57million units of shares accounting for about 32% of the total volume.

Likely close: In the absence of significant losses in the prices of DANGCEM and MTN, the market may close positively today if the gains across most sectors persist.

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