August 2, 2017/InvestmentOne Research
ASI as at 12.00pm: -1.03%
Market movers: REDSTAREX (-8.00%), DANGCEM (-5.00%), NB (+4.78%),
CAVERTON (+4.35%)
Sector Performances Industrial (-2.60%), Consumer (+1.89%), Banking (+0.55%),
Oil & Gas (+0.10%)
Market activity: Turnover is less-than-inspiring in today’s early trades after yesterday’s bulk trades of over 416m units of DANGCEM. So far, investors have exchanged 24m units of stocks worth c.N219m. FCMB (-2.40%) is the most actively traded stock with 2m units of shares accounting for c.8% of total volume.
Likely close: The index looks likely to close in the red if the decline in DANGCEM (-5.00%) persists till close of trades.
