February 19, 2018/InvestmentOne Report

ASI as at 12.00pm: -0.53%. 

Market movers: PZ (-8.00%), LASACO (-6.06%), LIVESTOCK (+5.00%), JAIZBANK (+5.00%).

Sector Performances: Banking (-0.25%), Consumer Goods (-1.22%), Industrial, Oil & Gas. 

Market activity: In today’s early trade, total volume and total value declined by c. -60% and -35% respectively compared to this time last Friday, as investors have exchanged c. 144million units of shares worth c. N686million. DIAMONDBNK (-4.69%) is the most actively traded stock with c.27million units of shares accounting for c.4% of total volume. 

Likely close: In the absence of a significant gain in DANGCEM, the market may print in the red today if the sell-off in the Banking and Consumer names continues.