MIDDAY UPDATE: Nigerian Stocks Head Northward +0.06%

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

April 13, 2022/InmentOne Update

ASI as at 12.00pm: +0.06%

Market movers: MEYER (+9.56%), IKEJAHOTEL (+9.24%), NB (-7.73%) and WEMABANK (-5.64%).

Sector Performances: Consumer Goods (-1.21%), Banking (-0.58%), Industrial (-0.03%) and Oil and Gas.

Market activity: In today’s trade, total volume and value increased by 84% and 442% respectively, compared to this time yesterday, as investors have traded about 145million units of shares worth N5.73billion. LINKASSURE is the most actively traded stock thus far with about 22million units of shares accounting for about 15% of the total volume.

Likely close: In the absence of significant losses in the prices of DANGCEM and MTNN, the market should close positively today.  

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