ASI: Intraday Update

June 5, 2017/InvestmentOne Research

ASI as at 12.00pm: +3.93%

Market movers: MOBIL (+10.25%), FBNH (+10.12%), UNIONDICON (-4.95%), CILEASING (-4.55%)

Sector Performances: Industrial (+4.17%), Oil & Gas (+3.24%), Banking (+2.00%), Consumer Goods (+1.13%)

Market activity: With  over 59m units of FBNH stocks traded, volume turnover currently stands at c.244m units of stocks worth c.N3.27bn. This is broadly in line with activity level in previous session. FBNH (+10.12%) currently tops the volume chart with 59m units of stocks accounting for 24% of total volume

Likely close:  We expect the index to close positive, given  strong buying interest on tickers in major sectors.