Intraday Update: NSEASI Heads South on Sell-Offs in Consumer, Industrial Goods Counters

November 1, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.68% 

Market movers: INTBREW (-4.98%), CADBURY (-4.19%), BERGER (+5.00%), UPL (+4.65%) 

Sector Performances: Consumer Goods (-0.34%), Industrial (-0.93%), Banking (+0.11%), Oil & Gas (+0.38%), Insurance (+0.40%) 

Market activity: The market saw a surge in value compared to this time yesterday, as investors exchanged c.80m units of shares worth c.N2.3bn. STERLNBANK is the most actively traded stock with c.27m units of shares accounting for 34% of total volume.  

Likely close: We could see  the market close in red today due to sell-off in Industrial and Consumer Goods counters.