ASI: Intraday Update

June 8, 2017/InvestmentOne Research

ASI as at 12.00pm: +1.07%

Market movers: FO (+10.22%), SEPLAT (+10.14%), GOLDBREW (-4.71%), LIVESTOCK (-4.44%)

Sector Performances: Oil & Gas (+4.67%), Banking (+2.60%), Consumer Goods (+0.14%), Industrial (-0.09%)

Market activity: Although the total volume of shares traded is down -40% compared to yesterday, total value is relatively flat as investors have exchanged 233m units of shares worth N2.2bn so far today. UBA (+0.38%) is the most actively traded stock with 41.5m units of shares accounting for c.18% of total volume.

Likely close: Given the positive momentum in bellwether stocks in major sectors, we expect the ASI to close in the green today.

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investadvocate