May 22, 2018/InvestmentOne Update
ASI as at 12.00pm: -0.24%.
Market movers: MOBIL (-4.97%), AFRINSURE (-4.76%), SOVRENINS (+4.00%), WAPIC (+3.85%).
Sector Performances: Oil & Gas (-0.75%), Industrial (-0.33%),Banking (-0.17%), Consumer Goods (+0.21%).
Market activity: In today’s early trade, total volume and value rose by 66% and 534% respectively compared to this time yesterday, as investors have exchanged 71.3million units of shares worth N2.23billion.
NB (+2.67%) is the most actively traded stock with 10.95million units of shares accounting for about 16% 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.
