August 14, 2017/InvestmentOne Research
ASI as at 12.00pm: -0.17%
Market movers: CILEASING (-8.33%), CAP (-4.97%), HONYFLOUR (+4.78%),
AGLEVENT (+4.35%)
Sector Performances: Banking (-1.09%), Industrial (-0.15%), Consumer (+0.21%),
Oil & Gas (+0.43%)
Market activity: Activity levels appear less than inspiring today with investors exchanging 30.4m units of shares worth N368m so far today, compared to the 83m units of shares worth N768m traded at this time on Friday. FIDELITYBK (-2.99%) is the most actively traded stock with c.8m units of shares accounting for 26% total volume.
Likely close: The ASI looks likely to close negative driven by profit taking in the Banking sector.