MIDDAY UPDATE: Nigerian Stocks Inch Up +0.01% as Market Heads to Negative Territory

November 3, 2021/InvestmentOne Update

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

ASI as at 12.00pm: +0.01%

Market movers: UNIVINSURE(+10.00%)WAPIC (+6.25%)AIICO (-9.38%), and LINKASSURE (-8.77%) ,

Sector Performances: Banking (-0.66%), Consumer Goods (-0.08%)Industrial (-0.02%), and Oil and Gas.

Market activity: In today’s trade, total volume increased by 9% while total value decreased by 33% , compared to this time yesterday, as investors have traded about 132million units of shares worth N655million. MULTIVERSE is the most actively traded stock thus far with about 30million units of shares accounting for about 23% of the total volume.

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

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