NSE ASI Heads Northward on Gains in Banking Counters

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September 8, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.17%

Market movers: NAHCO (+4.89%), FCMB (+3.77%), BETAGLAS (-5.00%),

JAIZBANK (-4.05%)

Sector Performances: Banking (+0.66%), Industrial (+0.17%), Consumer Goods (+0.01%), Oil & Gas

Market activityInvestors have exchanged c.33m units of shares worth N616m so far today; representing a considerable decline in total volume compared to this time in yesterday’s trading session when 121m units of shares were traded. UACN (-0.07%) is the most actively traded stock with c.8m units of shares accounting for c.25% of total volume.

Likely close: The NSE-ASI looks likely to end the last trading session of the week positive on the back of gains in the Banking sector.