ASI: Intraday Update

July 7, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.33%

Market movers: CONOIL (-9.74%), PZ (-9.68%), TRANSCORP (+5.26%),


Sector Performances: Consumer Goods (-0.50%), Industrial (-0.43%), Oil & Gas (-0.24%), Banking (-0.12%)

Market activity: In today’s early, investors have exchanged 41m units of shares worth N416m. This represents an increase in volume and value turnover when compared with c.25m units worth c.N370m traded this time yesterday. CHAMPION is the most actively traded stock with c.10m units of shares representing 24% of total volume.

Likely close: We may see the ASI close negative at the end of today’s trading session driven by the declines across the four major sectors.