January 29, 2019/InvestmentOne Update

ASI as at 12.00pm: -0.27%. 

Market movers: NEIMETH (-10.00%), ACADEMY (-10.00%), UAC-PROP (+9.55%), PZ (+7.52%).

Sector Performances: Banking (-0.83%), Consumer Goods (+0.13%), Oil & Gas and Industrial.

Market activity: In today’s early trade, total volume and total value declined by 35% and 51% compared to this time yesterday as investors have exchanged about 51million units of shares worth about N341million. FIDELITYBK (-1.27%) is the most actively traded stock with 4million units of shares accounting for about 7% of total volume. 

Likely close: In the absence of a significant gain in DANGCEM, the market may close down today if the sell-off in Banking names continues.