September 2, 2022/InvestmentOne Update

ASI as at 12.00pm: +0.19%

Market movers: NEM (+9.80%), ETRANZACT (+6.00%), RTBRISCOE (-8.57%) and CAVERTON (-7.89%).

Sector Performances: Banking (+1.23%), Oil and Gas (-0.10%), Consumer Goods and Industrial.

Market activity: In today’s trade, total volume and value increased by 49% and 44% respectively compared to this time yesterday, as investors have traded about 58 million units of shares worth N1.07 billion. FIDELITYBK (+0.60%) is the most actively traded stock thus far with about 15 million units of shares accounting for about 26% of the total volume.

Likely close: In the absence of significant losses in the prices of DANGCEM, MTNN and AIRTELAFRI, the market should close northwards if the gain printed in the banking sector persists.