ASI: Intraday Update

July 10, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.06%

Market movers: CILEASING (+5.00%), MAYBAKER (+4.86%), HONYFLOUR (-9.47%), CONOIL (-8.54%)

Sector Performances: Oil & Gas (+0.61%), Banking (+0.13%), Consumer Goods (-0.09%), Industrial

Market activity: Investors have so far exchanged 35m units of shares worth N676m. This represents an improvement in volume, but a decline in value turnover from this time last week Friday when 41m units of shares valued at N416m were traded. GUARANTY (-0.23%) is the most actively traded stock with c.13m units of shares representing 37% of total volume.

Likely close: The NSE-ASI looks likely to close in the green at the end of today’s trading session given the gains in the Oil and Gas, and Banking sectors despite the decline in the Consumer Goods sector.