July 15, 2022/InvestmentOne Update
ASI as at 12.00pm: +2.30%
Market movers: AIRTELAFRI (+10.00%), FIDSON (+9.95%), CHAMS (-8.00%) and COURTVILLE (-7.84%),.
Sector Performances: Consumer Goods (+0.24%), Oil and Gas (+0.06%), Banking (-0.33%) and Industrial.
Market activity: In today’s trade, total volume and value increased by 14% and 404% respectively, compared to this time yesterday, as investors have traded about 48million units of shares worth N2billion. UBA (-0.67) is the most actively traded stock thus far with about 13million units of shares accounting for about 27% 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 if the losses printed in the Consumer Goods and Oil/Gas sectors persist.
