Intraday Update: NSEASI Heads South on Profit-Taking in Consumer Goods, Banking Counters

October 27, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.36% 

Market movers: INTBREW (-4.98%), ETI (-4.88%), CILEASING (+7.69%) MANSARD (+4.66%)

Sector Performances: Consumer Goods (-0.87%), Banking (-0.60%), Insurance (+0.94%), Industrial and Oil & Gas. 

Market activity: So far today, investors have exchanged c.110m units of shares worth c.N1.27bn in value. FBNH (+1.46%) is the most actively traded stock with c.58m units of shares accounting for c.52% of total volume.  

Likely close: We might see the market close negative today due to profit taking on some Consumer goods and Banking stocks.