ASI: Intraday Update-InvestmentOne

May 9, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.32%

Market movers: OANDO (+10.14%), FIDSON (+9.52%), JAIZBANK (-4.76%), WAPCO (-2.32%)

Sector Performances: Oil & Gas (+2.05%), Banking (+1.10%), Consumer Goods (+0.05%), Industrial (-1.07%)

Market activity: Investors have exchanged a total of 60m units of shares worth N700m so far today, more than double the total value of shares traded this time yesterday. ZENITHBANK (+1.05%) is the most actively traded stock with c.17m units of shares accounting for 28% of total volume.

Likely close: Despite the decline in the Industrial sector, we expect the market to close in the green today as investors’ sentiment remains positive.