May 11, 2022/InvestmentOne Report
ASI as at 12.00pm: +2.12%
Market movers: CHAMPION (+9.93%), MCNICHOLS (+9.90%), RTBRISCOE (-8.70%) and CAVERTON (-4.76%).
Sector Performances: Consumer Goods (+1.45%), Industrial (+1.27%), Oil and Gas (+0.36%) and Banking (+0.10%).
Market activity: In today’s trade, total volume and value increased by 11% and 2% respectively compared to this time yesterday, as investors have traded about 122million units of shares worth N1.90billion. INTBREW (+9.88%) is the most actively traded stock thus far with about 24million units of shares accounting for about 20% of the total volume.
Likely close: In the absence of significant losses in the prices of DANGCEM and MTNN, the market should close northwards today if the gains recorded across major sectors persist.
