Intraday Update: NSEASI Heads South to Commence Week

October 30, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.26%

Market movers: MANSARD (-3.47%), NB (-3.28%), DANGFLOUR (+10.19%), VITAFOAM (+4.81%) 

Sector Performances: Industrial (-1.49%), Consumer Goods (-1.05%), Oil & Gas (-1.00%) Banking (-0.71%), Insurance (-0.87%) 

Market activity: Turnover appears less than inspiring today with investors exchanging just c.34m units of shares worth N380m. FBNH (-2.42%) is the most actively traded stock with c.5.5m units of shares accounting for 16% of total volume. 

Likely close: Given the bearish sentiment across major sectors, we are likely to see the ASI end negative today.