March 22, 2018/InvestmentOne Update
ASI as at 12.00pm: +0.04%.
Market movers: JAPAULOIL (+8.62%), MOBIL (+4.93%), ACCESS (-5.53%), UCAP (-2.95%).
Sector Performances: Oil & Gas (+0.65%), Consumer Goods (+0.36%), Banking (-0.07%), Industrial (-0.05%).
Market activity: In today’s early trade, total volume and value increased by c. 6% and c.110% respectively compared to this time yesterday, as investors have exchanged c.258million units of shares worth c. N2.77billion. ACCESS (-5.53%) is the most actively traded stock with c.59million units of shares accounting for c.23% 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 Oil & Gas and Consumer Goods sectors continues.
