September 13, 2017/InvestmentOne Research
ASI as at 12.00pm: +0.01%
Market movers: VITAFOAM (+4.91%), NEM (+4.76%),CAVERTON (-4.92%), ETERNA (-4.74%)
Sector Performances: Banking (+1.30%), Consumer Goods (-1.12%), Oil & Gas (-0.53%), Industrial
Market activity: Investors have exchanged c.49m units of shares worth N822m so far today, a c.-40% decline in total value compared to this time yesterday. Activity levels appear skewed towards the Banking sector with ACCESS (+0.41%) the most actively traded stock with c.10m units of shares, accounting for c.20% of total volume, exchanged in early trading today.
Likely close: We may see the ASI close negative for the third straight trading session if bearish sentiment towards NB and DANGCEM remains at close.
