May 14, 2018/InvestmentOne Update
ASI as at 12.00pm: -0.25%.
Market movers: CILEASING (-9.36%), FIRSTALUM (-8.89%), CAVERTON (+4.98%), DANGFLOUR (+4.78%).
Sector Performances: Banking (-0.36%), Consumer Goods (-0.36%), Industrial (-0.01%), Oil & Gas.
Market activity: In today’s early trade, total volume and value declined by 35% and 81% respectively compared to this time last Friday, as investors have exchanged 42.42million units of shares worth N378million. VERITASKAP is the most actively traded stock with 7million units of shares accounting for about 17% of total volume.
Likely close: In the absence of a significant gain in DANGCEM, we may see the market print in red today if the sell-off across most sectors continues.
