ASI: Intraday Update

June 19, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.30%

Market movers: MAYBAKER (+9.87%), AIICO (+8.47%), CONTINUSRE (-14.42%), CAP (-9.52%)

Sector Performances: Banking (+1.22%), Consumer Goods (+0.25%), Industrial (-0.21%), Oil & Gas (-0.19%)

Market activity: In today’s early trades, investors have so far exchanged over 184m units of stocks worth c.N1.61bn. This represents an improvement  in turnover over previous session when over  99m units of shares worth N1.19bn was traded. WEMABANK (+5.26%) is the most actively traded stock with 60m units of shares accounting for c.33% of total volume.

Likely close:  We expect the ASI to close positive with support from buying interest in Banking and Consumer tickers.

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