March 9, 2018/InvestmentOne Update
ASI as at 12.00pm: +0.06%.
Market movers: LASACO (+10.00%), JAPAULOIL (+8.99%), FTNCOCOA (-5.88%), REGALINS (-5.41%).
Sector Performances: Industrial (+1.39%), Consumer Goods (+0.84%), Banking (-1.02%), Oil & Gas.
Market activity: In today’s early trade, total volume and value increased by c.+2500% and c.+1948% respectively compared to this time yesterday, as investors have exchanged c. 1.3billion units of shares worth c. N17.14billion. ACCESS (+0.39%) is the most actively traded stock with c.1.2billion units of shares accounting for c.91% 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 Consumer and Industrial sectors continues.
