Intraday Update: Equities Heads South on Sell-Off in Consumer Counters

October 11, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.25% 

Market movers: VITAFOAM (-5.00%), OANDO (-4.79%), MANSARD (+10.00%),

MAYBAKER (+1.35%) 

Sector Performances: Oil & Gas (-0.62%), Consumer Goods (-0.70%), Banking (+0.08%), Industrial  

Market activity: Market performance, compared to this time yesterday is better in terms of value but dipped in terms of the volume traded with total volume and value standing at c.42m units of shares and c.N580m respectively. DIAMONDBNK is the most actively traded stock with 12m units of shares accounting for c.30% of total volume. 

Likely close: We may see a negative close in the market today if the sell-off in Consumer names persist.