Intraday Update: NSEASI Heads South on General Bearish Sentiment

November 9, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.21% 

Market movers: CHAMPION (-3.93%), LAWUNION (-3.08%), ETERNA (+10.02%), CAVERTON (+9.46%).  

Sector Performances: Banking (-0.87%), Consumer Goods (-0.23%), Insurance (-0.24%),

Oil & Gas (+0.76%), Industrial. 

Market activity: Total volume traded today is up +11% compared to this time yesterday with investors exchanging c.59m units of shares which translates to c.N2.16bn in value. GUARANTY (-1.92%) is the most actively traded stock with c.23m units of shares accounting for c.40% of the total volume. 

Likely close: We could see the market close in red today due to the general bearish sentiments in the market.

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