May 2, 2018/InvestmentOne Update
ASI as at 12.00pm: +0.17%.
Market movers: WEMABANK (+9.52%), NPFMCRFBK (+4.49%), SKYEBANK (-4.76%), DANGFLOUR (-4.51%).
Sector Performances: Industrial (+0.33%), Banking (+0.16%), Consumer Goods (-0.08%), Oil & Gas.
Market activity: In today’s early trade, total volume and value declined by 39% and 16% respectively compared to this time on Monday, as investors have exchanged 71million units of shares worth N1.54billion.
UBA (+1.30%) is the most actively traded stock with 21million units of shares accounting for 29% of total volume.
Likely close: In the absence of a significant loss in DANGCEM, we may see the market close up today if the gains in the Industrial and Banking sectors continues.
