November 17, 2021/InvestmentOne Update
ASI as at 12.00pm: -0.04%.
Market movers: CHIPLC (-9.68%), CORNERST (-8.93%), ZENITHBANK (+3.74%) and UBA (+2.40%).
Sector Performances: Oil and Gas (-0.51%), Consumer Goods (-0.41%), Banking (+0.21%) and Industrial.
Market activity: In today’s trade, total volume and value decreased by 24% and 82% respectively, compared to this time yesterday, as investors have traded about 69million units of shares worth N988 million. FBNH (+0.40%) is the most actively traded stock thus far with about 17million units of shares accounting for about 25% 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 losses recorded in the Oil and Gas and Consumer Goods sectors persist.
