March 16, 2018/InvestmentOne Update
ASI as at 12.00pm: -0.61%.
Market movers: JAPAULOIL (-8.22%), FCMB (-7.95%), UAC-PROP (+4.76%), JOHNHOLT (+3.85%).
Sector Performances: Banking (-1.25%), Consumer Goods (-1.03%), Industrial (-0.02%), Oil & Gas.
Market activity: In today’s early trade, total volume and value increased by c. 27% and c.125% respectively compared to this time yesterday, as investors have exchanged c.168million units of shares worth c. N2.95billion. ZENITHBANK (-0.87%) is the most actively traded stock with c.24million units of shares accounting for c.15% of total volume.
Likely close: In the absence of a significant gain in DANGCEM, we may see the market print in the red today if the sell-off across most sector continues.
