March 28, 2018/InvestmentOne Update
ASI as at 12.00pm: -0.70%.
Market movers: FIDSON (-5.00%), CHAMPION (-4.80%), GLAXOSMITH (+10.03%), ETERNA (+9.52%).
Sector Performances: Banking (-1.93%), Industrial (-0.30%), Consumer Goods (-0.27%), Oil & Gas (+0.17%).
Market activity: In today’s early trade, total volume and value declined by c. 28% and c. 35% respectively compared to this time yesterday, as investors have exchanged c. 84million units of shares worth c. N 613million. CHAMPION (-4.80%) is the most actively traded stock with c.33million units of shares accounting for c.39% of total volume.
Likely close: In the absence of a significant gain in DANGCEM, we may see the market print in red today if the sell-off across most sectors continues.
