April 12, 2018/InvestmentOne Update
ASI as at 12.00pm: -0.02%.
Market movers: JAPAULOIL (-7.02%), CUSTODIAN (-6.40%), OANDO (+10.18%), WEMABANK (+9.09%).
Sector Performances: Oil & Gas (-0.32%), Banking (-0.22%), Consumer Goods (-0.02%), Industrial (+0.32%).
Market activity: In today’s early trade, total volume and value declined by 69% and 62% respectively compared to this time yesterday, as investors have exchanged 54.8million units of shares worth N1.17billion. GUARANTY (-0.23%) is the most actively traded stock with 17.64million units of shares accounting for 32% 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 most of the sectors continues.
