NSEASI Heads North on Banking Sector Gains

October 16, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.07%

Market movers: CILEASING (+9.55%), NAHCO (+5.00%), CUTIX (-7.53%), VITAFOAM (-4.71%)  

Sector Performances: Banking (+0.26%), Consumer Goods (+0.03%), Oil & Gas (-0.54%),  Industrial 

Market activity: Turnover appears to be less than this time last Friday with investors exchanging c.49m units of shares worth N301m so far today. TRANSCORP is the most actively traded stock with c.20m units of shares accounting for 41% of total volume.

Likely close: We could see the ASI end positive today, on the back of gains in the Banking sector.