MIDDAY UPDATE: Nigerian Stocks Gains +0.01% Buoyed by Bellwether Stocks

Image Credit: quickenloans.com

June 16, 2022/InvestmentOne Update

ASI as at 12.00pm: +0.01%

Market movers: LINKASSURE (+9.80%), JAPAULGOLD (+3.45%), CWG (-9.62%) and WAPIC (-7.32%)

Sector Performances: Banking (-0.11%), Consumer Goods, Oil and Gas and Industrial.

Market activity: In today’s trade, total volume and value increased by 150% and 18% respectively, compared to this time yesterday, as investors have traded about 75million units of shares worth N511million. STERLNBANK (-1.29%) is the most actively traded stock thus far with about 48million units of shares accounting for about 64% of the total volume.

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

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