November 16, 2021/InvestmentOne Report
ASI as at 12.00pm: -0.07%.
Market movers: MBENEFIT (-6.90%), GUINNESS (-2.67%), UPL (+6.82%) and PRESTIGE (+4.44%).
Sector Performances: Banking (-0.31%), Consumer Goods (+0.25%), Industrial and Oil and Gas.
Market activity: In today’s trade, total volume decreased by 32%, while value increased by 437% compared to this time yesterday, as investors have traded about 91million units of shares worth N5.64billion. STERLNBANK is the most actively traded stock thus far with about 31million units of shares accounting for about 35% of the total volume.
Likely close: In the absence of significant gains in the prices of DANGCEM and MTNN, the market may close southwards today if the loss recorded in the Banking sector persists.
