Intraday Update: NSEASI Heads North on Gains in Banking, Consumer Goods Counters

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November 21, 2017/InvestmentOne Report

ASI as at 12.00pm: +0.17% 

Market movers: PZ (+10.13%), CHAMPION (+9.09%), LIVESTOCK (-3.41%), NAHCO (-3.70%) 

Sector Performances: Consumer Goods (+0.52%), Insurance (+0.05%), Banking (+0.03%), Oil & Gas and Industrial. 

Market activity: Investors have exchanged c.159m units of shares worth N1.91bn so far today, a significant improvement in both total volume and value compared to this time yesterday. TANTILIZER is the most actively traded stock with c.43m units of shares accounting for c.27% of total volume.  

Likely close: We may see the market close in the green today, should the gains on some Consumer Goods and banking names; PZ (+10.13%) and UBA (+0.83%) are sustained.

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