Nigerian Stocks Heads North on Performance in Consumer, Banking Counters

October 20, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.05 

Market movers: INTERBREW (+4.49%), CCNN (+0.98%), ETI (-0.4%),  DANGSUGAR (-0.31%) 

Sector Performances: Consumer Goods (+0.32%), Industrial (+0.19%), Banking (-0.13%),  Oil & Gas  

Market activity: Investors only managed to exchange a tamer c.21m units of shares which translated to c.348m in value so far today, a sizable moderation compared to this time yesterday.  

Likely close: Given the current momentum in market performance, we could see the market close marginally higher. Our optimism is hinged on Investors sentiment towards some towards INTBREW and UBA.