ASI: Intraday Update

May 8, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.09%

Market movers: OANDO (+8.37%), FIDSON (+6.33%), CHAMPION (-4.67%),

ZENITHBANK (-1.73%)

Sector Performances: Oil & Gas (+1.16%), Consumer Goods (+0.46%), Banking (-0.58%), Industrial

Market activity: Compared to this time last Friday, activity levels are down considerably as investors have exchanged a total of 46m units of shares worth N254m so far today. FCMB (-1.04%) is the most actively traded stock with 10m units of shares accounting for c.22% of total volume.

Likely close: We may see the NSE-ASI close the first trading session of the week negative if the profit taking in the Banking sector continues.

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