March 6, 2018/InvestmentOne Research
ASI as at 12.00pm: -0.33%.
Market movers: REGALINS (-9.09%), SKYEBANK (-7.68%), UNILEVER (+10.17%), CAVERTON (+9.88%).
Sector Performances: Industrial (-0.87%), Banking (-0.37%), Consumer Goods (+1.16%), Oil & Gas.
Market activity: In today’s early trade, while total volume increased by c. +260% , total value declined by c. -38% compared to this time yesterday, as investors have exchanged c.191million units of shares worth c. N844million. STERLNBANK (-4.57%) is the most actively traded stock with c.101million units of shares accounting for c.53% of total volume.
Likely close: In the absence of a significant recovery in DANGCEM, we may see the market close down today if the sell-off in Industrial and Banking sectors continues.
