March 7, 2018/InvestmentOne Report
ASI as at 12.00pm: +0.22%.
Market movers: ETERNA (+10.15%), CAVERTON (+10.11%), JOHNHOLT (-4.17%), UPL (-4.09%).
Sector Performances: Industrial (+0.59%), Oil & Gas (+0.15%), Banking (-0.32%), Consumer Goods (-0.60%).
Market activity: In today’s early trade, while total volume declined by c. -43%, total value increased by c. +180% compared to this time yesterday, as investors have exchanged c.109million units of shares worth c. N2.36billion. ZENITHBANK (-0.48%) is the most actively traded stock with c.47million units of shares accounting for c.43% of total volume.
Likely close: In the absence of a significant loss in DANGCEM, we may see the market close up today if the buy interest in the Industrial and Oil & Gas sectors continues.
