September 28, 2022/InvestmentOne Update
ASI as at 12.00pm: +0.05%
Market movers: CHAMS (+8.00%), JAIZBANK (+6.76%), IKEJAHOTEL (-10.00%) and NAHCO (-4.35%).
Sector Performances: Industrial (+1.10%), Banking (-0.88%), Consumer Goods (-0.04%) and Oil and Gas.
Market activity: In today’s trade, total volume decreased by 46%, while total value increased by 76% compared to this time yesterday, as investors have traded about 28 million units of shares worth N425 million. ZENITHBANK (-1.73%) is the most actively traded stock thus far with about 5 million units of shares accounting for about 14% 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 gain seen in the industrial sector persists.
