March 20, 2018/InvestmentOne Report
ASI as at 12.00pm: -0.03%.
Market movers: CADBURY (-9.39%), WAPCO (-5.00%), UNITYBNK (+6.50%), FBNH (+4.27%).
Sector Performances: Industrial (-2.01%), Consumer Goods (-0.44%), Banking (+0.38%), Oil & Gas.
Market activity: In today’s early trade, total volume and value declined by c. 5% and c.33% respectively compared to this time yesterday, as investors have exchanged c.107million units of shares worth c. N1.07billion. MULTITREX (-9.09%) is the most actively traded stock with c.20million units of shares accounting for c.19% 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 in Industrial and Consumer Goods sectors continues.