May 8, 2018/InvestmentOne Update
ASI as at 12.00pm: +1.06%.
Market movers: DIAMONDBNK (+4.88%), DANGCEM (+3.71%), CILEASING (-4.76%), SKYEBANK (-4.55%).
Sector Performances: Industrial (+1.51%), Banking (+0.25%), Consumer Goods (-0.35%), Oil & Gas.
Market activity: In today’s early trade, total volume and value declined by 609% and 356% respectively compared to this time yesterday, as investors have exchanged 326million units of shares worth N1.24billion.
FCMB (-1.18%) is the most actively traded stock with 285million units of shares accounting for 87% of total volume.
Likely close: In the absence of a significant loss in DANGCEM, we may see the market print in green today if the buy interest in the Industrial and Banking sectors continues.