Intraday Update: NSE Opens Week Southward on Profit-Taking

L – R: Shows Mr. Abimbola Ogunbajo, First Vice President, NSE; Alhaji Aliko Dangote, ex-officio, NSE; Oscar Onyema, CEO, NSE; Mr. Aigboje Aig-Imoukhuede, President, NSE and Mojisola Adeola, Council Secretary, NSE at the Annual General Meeting (AGM) on Monday in Lagos.

September 25, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.13%

Market movers: NEM (-4.42%), JAIZBANK (-4.29%), CUSTODYINS (+4.91%),  ETERNA (+4.85%)

Sector Performances: Banking (-0.60%), Consumer Goods (+0.01%), Oil & Gas, Industrial

Market activity: Investors have exchanged c.15m units of shares worth N373m so far today, less the half the total volume and value traded compared to this time on Friday. FBNH (+0.36%) is the most actively traded stock with c.26m units of shares accounting for c.10.4% of total volume.

Likely close: The market looks likely to end in the red on the back of profit taking on Friday’s positive close.