December 13, 2022/InvestmentOne Update

ASI as at 12.00pm: +0.41%

Market movers: BUACEMENT (+3.60%), ROYALEX (+1.37%), SCOA (-9.30%) and JAIZBANK (-4.21%).

Sector Performances: Industrial (+1.79%), Banking (-0.12%), Consumer Goods and Oil and Gas.

Market activity: In today’s trade, total volume and value decreased by 4% and 27% respectively, compared to this time yesterday, as investors have traded about 26 million units of shares worth N337 million.

GTCO is the most traded stock by volume with about 7 million units of shares accounting for 27% of the total volume.

GTCO is the most traded stock by value with about N156 million worth of shares accounting for 46% of the total value.

Likely close: In the absence of significant losses in the prices of DANGCEM, MTNN and AIRTELAFRI, the market should close positive if the gains witnessed in the Industrial sector persists.