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MIDDAY UPDATE: Nigerian Stocks Gain +0.04% on Interest in Banking, Consumer Goods Counters

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L-R: Executive Commissioner Operations Securities and Exchange commission Mr Dayo Obisan, Head Government Relations, Nigerian Exchange Ltd Mrs Chalya Shagaya, Director General SEC Mr Lamido Yuguda and Chief Executive Officer NGX Mr Temi Popoola during a Meeting between the SEC and NGX in Lagos Weekend. Image Credit: SEC Nigeria

July 4, 2022/InvestmentOne Update

ASI as at 12.00pm: +0.04%

Market movers: UPDC (+9.71%), ACADEMY (+9.45%), RTBRISCOE (-9.09%) and UNITYBNK (-6.67%).

Sector Performances: Banking (+0.49%), Consumer Goods (+0.01%) Oil and Gas, and Industrial.

Market activity: In today’s trade, total volume and value increased by 128% and 76% respectively, compared to this time last week Friday, as investors have traded about 66million units of shares worth N802million. TRANSCORP is the most actively traded stock thus far with about 20million units of shares accounting for about 30% of the total volume.

Likely close: In the absence of significant losses in the prices of DANGCEM, MTNN and AIRTELAFRI, the market should close in green today if the gains printed in the Banking and Consumer Goods sectors persist.

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