Intraday Update: NSEASI Heads South on Sell-Offs in Nigerian Breweries

November 2, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.05% 

Market movers: FIDSON (-4.76%), PZ (-4.02%), FBNH (+7.53%), LEARNAFRCA (+4.35%) 

Sector Performances: Consumer Goods (-1.00%), Banking (+0.29%), Industrial, Oil & Gas 

Market activity: In today’s trade, investors have exchanged over 125m units of shares worth c.N1.03bn. This represents an improvement in volume turnover when compared with the c.90m units of shares traded this time yesterday. UNIONDAC is the most actively traded stock with c.58m units of shares accounting for c.46% of total volume.  

Likely close: ASI may close in the red should the sell-off in NB continue.