Intraday Update: NSEASI Heads South on Sell-Offs in Banking, Consumer Goods Counters

November 23, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.01% 

Market movers: CILEASING (+4.51%), UNITYBNK (+3.92%), FIDSON (-4.88%), NASCON (-4.97%) 

Sector Performances: Consumer Goods (+0.05%), Banking (-0.12%), Insurance (-0.27%), Oil & Gas and Industrial. 

Market activity: Investors have exchanged c. 57m units of shares worth c. N218m so far today, a further moderation in both volume and value compared to this time yesterday. TANTALIZER is the most actively traded stock with 44m units of shares accounting for c.78% of total volume.  

Likely close: We may see the market close in the red again, if the sell-off in NB and some of the Banking heavy weight continues.

 

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