May 21, 2018/InvestmentOne Update
ASI as at 12.00pm: -0.07%.
Market movers: AIICO (-10.29%), EQUITYASUR (-4.00%), UNITYBNK (+8.51%), HMARKINS (+7.41%).
Sector Performances: Banking (-0.12%), Consumer Goods (-0.01%), Industrial (+0.28%), Oil & Gas.
Market activity: In today’s early trade, total volume and value declined by 56% and 57% respectively compared to this time last Friday, as investors have exchanged 43million units of shares worth N352million. DIAMONDBNK (+4.52%) is the most actively traded stock with 12million units of shares accounting for about 28% 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 the Banking and Consumer Goods sectors continues.
