ASI: Intraday Update: InvestmentOne

May 19, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.19%

Market movers: UNITYBNK (-4.84%), ETERNA (-4.55%), MAYBAKER (+5.00%),


Sector Performances: Oil & Gas (-0.65%), Consumer Goods (-0.28%), Banking (-0.25%), Industrial (-0.14%)

Market activity: While the total volume of shares traded has improved today, total value is down compared to yesterday as investors have exchanged c.94m units of shares worth N1.22bn so far today. GUARANTY (-0.32%) is the most actively traded stock with 18.4m units of shares accounting for c.20% of total volume.

Likely close: Given the early signs of profit taking across major sectors, we may see the ASI close the last trading of the week negative.