March 5, 2018/InvestmentOne Report
ASI as at 12.00pm: +1.29%.
Market movers: CAVERTON (+9.95%), JAPAULOIL (+9.52%), REGALINS (-8.33%), PZ (-4.94%).
Sector Performances: Oil & Gas (+4.20%), Industrial (+1.83%), Banking (-0.24%), Consumer Goods (-0.04%).
Market activity: In todayâs early trade, total volume and value declined by c.50% and c.9% respectively compared to this time last Friday, as investors have exchanged c.53million units of shares worth c. N1.36billion. GUARANTY (+0.01%) is the most actively traded stock with c.18million units of shares accounting for c.34% of total volume.
Likely close: In the absence of a significant retrace in DANGCEM, we may see the market close up today if the sell-off in Consumer names continues.
