June 8, 2017/InvestmentOne Research
ASI as at 12.00pm: +1.07%
Market movers: FO (+10.22%), SEPLAT (+10.14%), GOLDBREW (-4.71%), LIVESTOCK (-4.44%)
Sector Performances: Oil & Gas (+4.67%), Banking (+2.60%), Consumer Goods (+0.14%), Industrial (-0.09%)
Market activity: Although the total volume of shares traded is down -40% compared to yesterday, total value is relatively flat as investors have exchanged 233m units of shares worth N2.2bn so far today. UBA (+0.38%) is the most actively traded stock with 41.5m units of shares accounting for c.18% of total volume.
Likely close: Given the positive momentum in bellwether stocks in major sectors, we expect the ASI to close in the green today.
