Intraday Update: Nigerian Stocks Head Southward to Close Week

September 15, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.19%

Market movers: NEIMETH (-7.89%), UBN (-3.83%), CUTIX (+5.00%), FIDELITYBK (+1.55%)

Sector Performances: Industrial (-1.03%), Banking (-0.40%), Consumer Goods (+0.11%), Oil & Gas

Market activity: With c.54m units of shares worth N792m exchanged so far today, activity levels are up compared to this time yesterday. AFRIPRUD is the most actively traded stock with c.9.5m units of shares accounting for c.18% of total volume.

Likely close: We could see the market end negative today, as investors take profit on recent gains.

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