June 11, 2018/InvestmentOne Update
ASI as at 12.00pm: +0.12%.
Market movers: NASCON (+7.14%), JAPAULOIL (+6.45%), PRESTIGE (-4.48%), IKEJAHOTEL (-4.18%).
Sector Performances: Banking (+0.25%), Consumer Goods (+0.09%), Industrial (-0.02%), Oil & Gas.
Market activity: In today’s early trade, while total volume increased by 419%, total value declined by 42% compared to this time last Friday, as investors have exchanged 280million units of shares worth N836million. IKEJAHOTEL (-4.18%) is the most actively traded stock with 250million units of shares accounting for about 89% 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 Banking and Consumer Goods sectors continues
