ASI: Intraday Update

July 11, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.36%

Market movers: VITAFOAM (+5.45%), SKYEBANK (+5.26%), CHAMPION (-9.47%), LEARNAFRICA (-9.20%)

Sector Performances: Banking (+1.33%), Oil & Gas (+0.79%), Industrial (+0.49%) Consumer Goods (+0.15%)

Market activity: In today’s early trades, investors have so far exchanged 35m units of shares worth N597m. This represents no change in volume traded and a decline in value turnover from yesterday’s trading session when 35m units of shares valued at N676m were traded. ZENITHBANK (+3.52%) is the most actively traded stock with c.9m units of shares representing c.26% of total volume traded.

Likely close: The All Share Index looks likely to close positive at the end of today’s trading session given the gains seen across the four major sectors.