ASI: Intraday Update-InvestmentOne

May 25, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.60%

Market movers: UAC-PROP (+9.74%), CILEASING (+4.76%), MOBIL (-5.00%), MAYBAKER (-4.58%)

Sector Performances: Banking (+1.71%), Consumer Goods (+0.62%), Oil & Gas (-1.29%), Industrial (-0.03%)

Market activity: Compared to this time yesterday, activity levels have improved today as investors have exchanged 113m units of shares worth N1.52bn. ACCESS (+2.01%) is the most actively traded stock so far today with 38m units of shares accounting for c.34% of total volume.

Likely close: Despite the sell-off in the Oil & Gas sector, we expect the ASI to close positive driven by the gains in the Banking sector.