ASI: Intraday Update

June 29, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.35%

Market movers: DIAMONDBNK (+5.00%), FBNH (+4.57%), LIVESTOCK (-4.76%), SKYEBANK (-4.69%)

Sector Performances: Banking (+1.04%), Oil & Gas (+0.65%), Consumer Goods, Industrial

Market activity: Investors have exchanged c.38m units of shares worth N348m so far today, representing a considerable decline against the c.136m units of shares traded yesterday valued at N532m. UBA (+4.44%) is the most actively traded stock with c.30m units of shares accounting for c.79% of total volume.

Likely close: For the second consecutive trading session, the NSE-ASI may end positive on the back of the gains in Banking names.