MIDDAY UPDATE: Nigerian Stocks Gains +0.01% on Consumer, Industrial Counters

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February 15, 2022/InvestmentOne Report

ASI as at 12.00pm: +0.01%

Market movers: MORISON (+9.55%), RTBRISCOE (+9.52%), CHIPLC (-6.15%) and ETI (-2.80%).

Sector Performances: Consumer Goods (+0.55%)Industrial (+0.02%), Banking (-0.52%) and Oil and Gas.

Market activity: In today’s trade, total volume decreased by 7%, while value increased by 32%, compared to this time yesterday, as investors have traded about 104million units of shares worth N1.48billion. ACCESS is the most actively traded stock thus far with about 23million units of shares accounting for about 22% of the total volume.

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

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