Intraday Update: NSE Benchmark Index up +1.51% amid 2018 Outlook

January 16, 2018/InvestmentOne Report

ASI as at 12.00pm: +1.51% 

Market movers: FBNH (+10.21%), DIAMONDBNK (+9.96%), VITAFOAM (-4.95%), WAPCO (-3.37%). 

Sector Performances: Banking (+3.94%), Consumer Goods (+0.42%), Oil & Gas (+0.26%), Industrial (-1.42%). 

Market activity: In today’s early trade, while total volume declined by -30% , total value increased by +40% compared to this time yesterday. So far, investors have exchanged c. 180m units of shares worth c. N2.27bn. ACCESS (+4.27%) is the most actively traded stock with c.72m units of shares accounting for c.40% of total volume. 

Likely close: The market may close in the green today if the bullish sentiment across most of the sectors continues

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