October 21, 2022/InvestmentOne Update

ASI as at 12.00pm: +0.12%

Market movers: REGALINS (+8.33%), CHAMS (+7.69%), ROYALEX (-9.78%) and WAPIC (-5.56%).

Sector Performances: Industrial (+0.67%), Consumer Goods (+0.13%), Banking (-0.43%) and Oil and Gas.

Market activity: In today’s trade, total volume and value decreased by 29% and 86% respectively, compared to this time yesterday, as investors have traded about 18 million units of shares worth N156 million.

FIDELITYBK (+0.27%) is the most traded stock by volume with about 5 million units of shares accounting for 27% of the total volume.  

ZENITHBANK  (-0.99%) is the most traded stock by value with about N24 million worth of shares accounting for 15% of the total value.

Likely close: In the absence of significant losses in the prices of DANGCEM, MTNN and AIRTELAFRI, the market should close positively if the gains in the industrial and consumer goods sectors persist.