ASI as at 12.00pm: -0.08%.
Market movers: CADBURY (-9.64%), ETI (-4.77%), DANGFLOUR (+5.00%), GUINNESS (+4.79%).
Sector Performances: Banking (-0.44%), Consumer Goods (+0.44%), Industrial, Oil & Gas.
Market activity: In today’s early trade, total volume and value increased by c. 128% and c.23% respectively compared to this time yesterday, as investors have exchanged c.244million units of shares worth c. N1.32billion. JAPAULOIL (-3.45%) is the most actively traded stock with c.58million units of shares accounting for c.23% 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 the Banking sector continues.
