Intraday Update: NGX Positive +0.32%, Buoyed by Consumer Goods Sector

January 3, 2022/InvestmentOne Report

ASI as at 12.00pm: +0.32%

Top Gainers and Losers: BUAFOODS (+10.00%), CWG (+9.90%), FCMB (-8.83%) and ROYALEX (-8.49%).

Sector Performances: Consumer Goods (+3.63%), Banking (-0.21%), Oil and Gas (-0.09%) and Industrial.

Market activity: In today’s trade, total volume and value increased by 765% and 35% respectively, compared to this time last Thursday, as investors have traded about 225 million units of shares worth N2.70 billion.

FBNH (-1.83%) is the most traded stock by volume with about 200 million units of shares accounting for 89% of the total volume.

FBNH (-1.83%) is the most traded stock by value with about N2.4 billion worth of shares accounting for 89% 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 recorded in the Consumer Goods sector persists.

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