MIDDAY UPDATE: Nigerian Stocks Head Northward +0.06% on Gains Across Sectors

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August 5, 2022/InvestmentOne Update

ASI as at 12.00pm: +0.06%

Market movers: MULTIVERSE (+9.94%), JAPAULGOLD (+9.68%), REGALINS (-7.41%) and LEARNAFRICA (-5.98%).

Sector Performances: Banking (+0.63%), Oil and Gas (+0.20%), Consumer Goods (+0.01%) and Industrial.

Market activity: In today’s trade, total volume and value decreased by 17% and 7% respectively, compared to this time yesterday, as investors have traded about 39million units of shares worth N495million. GTCO (+0.24%) is the most actively traded stock thus far with about 8million units of shares accounting for about 21% 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 seen across major sectors persist.

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