Intraday Update: NSEASI Heads North, Driven by Bullish Sentiment in Consumer Goods Counters

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Dealing Members Trading on the Floor of the Nigerian Stock Exchange (NSE)

December 22, 2017/InvestmentOne Report

ASI as at 12.00pm: 0.00% 

Market movers: NEM (+4.90%), LINKASSURE (+4.55%), CILEASING (-4.38%), DIAMONDBNK (-1.33%). 

Sector Performances: Consumer Goods (+0.25%), Banking (-0.42%), Industrial, Oil & Gas. 

Market activity: In today’s early trade, total volume and total value traded by investors are c.118m units of shares worth c.N546m, representing a c.+187% and c.+37% increase in total volume and value respectively compared to yesterday’s figure. TRANSCORP (+2.80%) is the most actively traded stock with c.79m units of shares accounting for c.67% of total volume. 

Likely close: ASI could likely close in the green today given the bullish sentiment in the Consumer Goods sector.

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