May 4, 2022/InvestmentOne Update
ASI as at 12.00pm: +0.54%
Market movers: OKOMUOIL (+10.00%), PRESCO (+9.97%), OANDO (-10.00%) and ROYALEX (-10.00%).
Sector Performances: Industrial (+0.96%), Consumer Goods (+0.87%), Oil and Gas (-1.38%) and Banking (-0.27%).
Market activity: In today’s trade, total volume and value decreased by 27% and 35% respectively compared to this time last week Friday, as investors have traded about 149million units of shares worth N1.84billion. TRANSCORP (-3.36%) is the most actively traded stock thus far with about 25million units of shares accounting for about 17% of the total volume.
Likely close: In the absence of significant losses in the prices of DANGCEM and MTNN, the market should close positive today if the gains recorded in the Industrial and Consumer Goods sectors persist.
