August 3, 2022/InvestmentOne Update

ASI as at 12.00pm: +0.03%

Market movers: LASACO (+10.00%), HONYFLOUR (+9.69%), UPL (-9.79%) and WAPIC (-8.11%).

Sector Performances: Oil and Gas (+0.16%), Banking (+0.10%), Consumer Goods (+0.05%) and Industrial.

Market activity: In today’s trade, total volume decreased by 16%, while total value increased by 52%, compared to this time yesterday, as investors have traded about 37million units of shares worth N1.54billion. STERLNBANK is the most actively traded stock thus far with about 4million units of shares accounting for about 11% 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 if the gains printed across major sectors persist.