Update: NSEASI Heads Southward on Sell-Offs in Dangote Cement

September 12, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.81%

Market movers: AIICO (-6.78%), CONTISURE (-4.83%), UNILEVER (+5.00%), NEM (+5.00%)

Sector Performances: Industrial (-2.09%), Banking (-0.43%), Consumer Goods (+0.16%), Oil & Gas (+2.07%)

Market activity: Total volume and value levels have surged compared to this time yesterday as investors have exchanged 213m units of shares worth N1.37bn. DIAMONDBNK (-3.36%) is the most actively traded stock with 127m units of shares accounting for c.60% of total volume.  

Likely close: The NSE-ASI may end in the red if the continued sell-off on DANGCEM (-2.33%) remains at close.