November 21, 2022/InvestmentOne Update

ASI as at 12.00pm: +0.34%

Market movers: NB (+9.94%), PZ (+7.56%), AIICO (-5.36%) and WAPIC (-3.03%).

Sector Performances: Consumer Goods (+2.35%), Banking (+0.19%), Industrial and Oil and Gas.

Market activity: In today’s trade, total volume decreased by 16% while total value increased by 169%, compared to this time last week Friday, as investors have traded about 21 million units of shares worth N8111 million.

AIICO (-5.36%) is the most traded stock by volume with about 8 million units of shares accounting for 38% of the total volume.

SEPLAT is the most traded stock by value with about N473 million worth of shares accounting for 58% of the total value.

Likely close: In the absence of significant losses in the prices of DANGCEM, MTNN and AIRTELAFRI, the market should close northward if the gains recorded across the Consumer Goods and Banking sectors persist.