March 15, 2018/InvestmentOne Update
ASI as at 12.00pm: -0.59%.
Market movers: FIDELITYBK (-9.25%), JAPAULOIL (-8.75%), NPFMCRFBK (+9.78%), HONYFLOUR (+4.05%).
Sector Performances: Banking (-2.22%), Oil & Gas (-1.15%), Consumer Goods (+0.26%), Industrial.
Market activity: In today’s early trade, total volume and value increased by c.48% and c.21% respectively compared to this time yesterday, as investors have exchanged c. 132million units of shares worth c. N1.31billion. REGALINS (-6.67%) is the most actively traded stock with c.38million units of shares accounting for c.29% of total volume.
Likely close: In the absence of a significant gain in DANGCEM, we may see the market close down today if the sell-off in the Banking and Oil & Gas sectors continues.
