ASI: Intraday Update

June 21, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.64%

Market movers: UBA (-7.34%), STERLNBANK (-6.80%), NEIMETH (+9.09%), CUTIX (+5.64%)

Sector Performances: Banking (-1.65%), Consumer Goods (-0.10%), Oil & Gas (-0.45%) Industrial (-0.06%)

Market activity:  Market turnover is mixed in today’s early trades compared to yesterday level as investors have so far traded 162m units of stocks valued at c.N2.03bn . This shows  c.+26% increase in value turnover but a  -12% decline in volume. GUARANTY is the most actively traded stock with 28m units of shares accounting for c.17% of total volume.

Likely close:  We expect the ASI to close in the red given current sell-off on tickers in major sectors.

 

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