April 3, 2018/InvestmentOne Update
ASI as at 12.00pm: -1.28%.
Market movers: TRANSCORP (-8.11%), JAPAULOIL (-6.78%), UNIC (+11.11%), AIICO (+4.84%).
Sector Performances: Banking (-1.25%), Industrial (-1.10%), Oil & Gas (-0.09%), Consumer Goods (-0.04%).
Market activity: In today’s early trade, total volume and value both jumped by about 127% and 528% compared to this time last Thursday, as investors have exchanged c. 188million units of shares worth c. N 3.8billion. ZENITHBANK (+2.05%) is the most actively traded stock with c.65million units of shares accounting for c.35% 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 all sectors continues.
