May 15, 2018/InvestmentOne Update
ASI as at 12.00pm: -0.14%.
Market movers: DIAMONDBNK (-9.39%), JAPAULOIL (-5.41%), SOVRENINS (+5.00%), NPFMCRFBK (+3.93%).
Sector Performances: Consumer Goods (-0.22%), Banking (-0.18%), Industrial (+0.08%), Oil & Gas.
Market activity: In today’s early trade, while total volume declined by 10%, total value jumped 44% compared to this time yesterday, as investors have exchanged 38million units of shares worth N543million. OANDO (-4.52%) is the most actively traded stock with 5million units of shares accounting for about 13% 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 in Consumer and Banking names continues.
