January 4, 2022/InvestmentOne Update
ASI as at 12.00pm: +0.77%
Market movers: ACADEMY (+10.00%), ROYALEX (+9.09%), ARDOVA (-10.00%), and SOVRENINS (-10.00%).
Sector Performances: Industrial (+2.95%), Banking (+0.21%), Oil and Gas (-0.50%), and Consumer Goods.
Market activity: In today’s trade, total volume decreased by 56% while value increased by 13%, compared to this time last week Thursday, as investors have traded about 73 million units of shares worth N442 million. MBENEFIT (-3.03%) is the most actively traded stock thus far with about 8 million units of shares accounting for about 11% of the total volume.
Likely close: In the absence of significant gains in the prices of DANGCEM and MTNN, the market may close northwards today if the gains printed in the Industrial and Banking sectors persist.
