February 28, 2018/InvestmentOne Report
ASI as at 12.00pm: -0.08%.
Market movers: AFRINSURE (-5.00%), FTNCOCOA (-4.76%), CCNN (+8.79%), JAPAULOIL (+8.00%).
Sector Performances: Banking (-0.33%), Industrial (+0.29%), Consumer Goods (+0.03%), Oil & Gas
Market activity: In today’s early trade, total volume and value declined by c. -25% and c.-67% respectively compared to this time yesterday, as investors have exchanged c.126million units of shares worth c. N834million. TRANSCORP (-1.48%) is the most actively traded stock with c.28million units of shares accounting for c.22% of total volume.
Likely close: In the absence of a significant gain in DANGCEM, we may see the market print in the red today if the sell-off in Banking sector continues.
