Intraday Update: NSEASI Down 0.08%, Heads South on Sell-Offs in Banking, Consumer Goods Counters

November 27, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.08% 

Market movers: INTBREW (-6.38%), FCMB (-4.46%), LAWUNION (+4.92%), PZ (+3.70%) 

Sector Performances: Banking (-0.03%), Consumer Goods (-0.11%), Industrial (+0.01%), Oil & Gas. 

Market activity: Activity levels improved, compared to this time on Friday, as investors have exchanged a total volume of c.783m units of shares worth c.N2.06bn. WAPIC is the most actively traded stock with c.650m units of shares accounting for c.83% of total volume.  

Likely close: We could see the market close negative, should the selloff of the Banking and Consumer Goods continue.

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