November 20, 2017/Cordros Report
ASI as at 12.00pm: -0.22%
Market movers: FO (-9.73%%), UNILEVER (-2.35%), NASCON (+9.59%), HONYFLOUR (+4.64%)
Sector Performances: Banking (-0.80%), Oil & Gas (-1.07%), Insurance (+0.31%), Consumer Goods (+0.20%),and Industrial
Market activity: Investors have exchanged c.25m units of shares worth N256m so far today, a significant moderation in both total volume and value compared to this time last Friday. FIDELITYBK is the most actively traded stock with c.10m units of shares accounting for c.40% of total volume.
Likely close: We may see the market close in the red today, should sell-off on some banking names; Guaranty (-2.02%) and Access (-1.03%) continue.
