MIDDAY UPDATE: Nigerian Stocks Head Southward -0.22% on Losses in Banking, Consumer Goods Sectors

February 8, 2022/InvestmentOne Update

ASI as at 12.00pm: -0.22%

Image Credit: quickenloans.com

Market movers: 

CAVERTON(-5.33%)ROYALEX (-4.76%)NEM (+8.64%) and OANDO (+5.68%).

Sector Performances: 

Banking (-0.43%), Consumer Goods (-0.09%)Oil and Gas (+0.46%) and Industrial

Market activity: In today’s trade, total volume and value decreased by 43% and 60% respectively compared to this time yesterday, as investors have traded about 58million units of shares worth N773 million. GTCO (-0.37%) is the most actively traded stock thus far with about 11million units of shares accounting for about 19% of the total volume.

Likely close: In the absence of significant gains in the prices of DANGCEM and MTNN, the market may close in negative territory today if the losses recorded in the Banking and Consumer Goods sectors persist.  

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