June 6, 2019/InvestmentOne Update

ASI as at 12.00pm: -2.47%. 

Market movers: THOMASWY (-10.00%), DANGCEM (-9.91%), ACADEMY (+7.41%), LASACO (+3.33%).

Sector Performances: Industrial (-5.12%), Oil & Gas (-0.88%), Banking (+0.16%) and Consumer Goods.

Market activity: In today’s early trade, total volume and value increased by 98% and 233% respectively compared to this time on Monday as investors have exchanged over 121million units of shares worth about N4.16billion. GUARANTY is the most actively traded stock with about 79million units of shares accounting for about 66% of total volume. 

Likely close: In the absence of a significant gain in DANGCEM, the market may close down today if the sell-offs across Industrial and Oil & Gas persist.