April 9, 2018/InvestmentOne Update
ASI as at 12.00pm: -0.33%.
Market movers: WAPCO (-7.24%), DANGFLOUR (-4.35%), GLAXOSMITH (+10.00%), FIDSON (+4.75%).
Sector Performances: Industrial (-3.43%), Banking (-0.36%), Consumer Goods (-0.34%), Oil & Gas.
Market activity: In today’s early trade, total volume and value declined by 65% and 50% respectively compared to this time last Friday, as investors have exchanged 83million units of shares worth N1.2billion. ZENITHBANK (-1.10%) is the most actively traded stock with 16million units of shares accounting for 19% 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 across most sectors continues.
