April 4, 2018/InvestmentOne Update
ASI as at 12.00pm: -0.75%.
Market movers: DANGFLOUR (-9.54%), MULTIVERSE (-9.09%), LASACO (+5.88%), MAYBAKER (+4.89%).
Sector Performances: Banking (-2.72%), Consumer Goods (-0.20%), Oil & Gas (+0.22%), Industrial.
Market activity: In today’s early trade, total volume and value both dropped by about 44% and 48% compared to this time yesterday, as investors have exchanged c.105.9million units of shares worth c. N1.98billion. STERLNBANK is the most actively traded stock with c.18million units of shares accounting for c.17% 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 in Banking and Consumer Goods sectors continues.