Intraday Update: NSEASI Down 0.17% on Sell-Offs in Consumer, Industrial Goods Counters

December 15, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.17% 

Market movers: CADBURY (-4.95%),  ACCESS (-4.57%), ZENITHBANK (+2.44%), UBA (+1.47%). 

Sector Performances: Industrial (-0.39%), Consumer Goods (-0.34%), Banking (+0.10%), Oil & Gas. 

Market activity: In today’s early trade, total volume and value rose by c.+169% and c.+243% respectively compared to this time yesterday, as investors have so far exchanged c.164m units of shares worth c.N3.4bn. DANGSUGAR (-4.05%) is the most actively traded stock with c.54m units of shares accounting for c.33% of total volume. 

Likely close: The market could close down today if the sell-off in Industrial and Consumer names continues.

Leave a Comment

Your email address will not be published. Required fields are marked *

*