Nigerian Equities Market Heads North on Banking Counters in First Trading Session

November 6, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.14%

Market movers: DIAMONDBNK (+9.43%), LEARNAFRCA (+5.00%), AIRSERVICE (-4.98%),  MANSARD (-3.23%) 

Sector Performances: Banking (+0.47%), Consumer Goods (+0.09%), Industrial, Oil & Gas 

Market activity: Total value of shares traded today is down over -50% compared to this time last Friday, with investors exchanging c.63m units of shares worth N631m so far today. DIAMONDBNK (+9.43%) is the most actively traded stock with c.17m units of shares accounting for c.27% of total volume.

Likely close: Given the positive sentiments towards the Banking sector, we could see the ASI close the first trading session of the week in the green.

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