Intraday Update: NSEASI Heads South on Declines in Bellwether in the Banking Consumer Sectors

November 13, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.54%

Market movers: CILEASING (-4.79%), LEARNAFRCA (-4.63%), UPL (+4.93%),  NASCON (+3.80%) 

Sector Performances: Banking (-1.25%), Consumer Goods (-0.84%), Insurance (-0.19%), Industrial,  Oil & Gas 

Market activity: Investors have exchanged 107m units of shares worth N1.72bn so far today, a considerable increase in both total volume and value compared to this time last Friday. FBNH (-0.41%) is the most actively traded stock with c.55m units of shares accounting for c.51% of total volume.

Likely close: We are likely to see the equities market close negative on the back of the declines in bellwether stocks in the Banking and Consumer sectors.