April 10, 2018/InvestmentOne Report
ASI as at 12.00pm: -0.23%.
Market movers: FO (-3.50%), ACCESS (-1.67%), DANGFLOUR (+4.18%), FLOURMILL (+1.15%).
Sector Performances: Banking (-1.02%), Oil & Gas (-0.66%), Consumer Goods (+0.28%), Industrial (+0.02%).
Market activity: In today’s early trade, total volume and value declined by 28% and 17% respectively compared to this time yesterday, as investors have exchanged 60million units of shares worth N1billion. FLOURMILL (+1.15%) is the most actively traded stock with 20million units of shares accounting for 33% 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 in Banking and Oil & Gas sectors continues.
