Intraday Update: NSEASI Down -0.21%

November 14, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.21% 

Market movers: CAVERTON (-9.37%), CILEASING (-8.81%), FLOURMILL (+2.62%), UCAP (+1.54%) 

Sector Performances: Banking (-0.34%), Industrial (-0.33%),Insurance (-0.37%),  Consumer Goods (+0.26%), Oil & Gas (+0.15%) 

Market activity: Investors have exchanged c.73m units of shares worth N1.44bn so far today, a moderation in both total volume and value compared to this time yesterday. FBNH is the most actively traded stock with c.22 units of shares accounting for c.30% 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 Industrial and Banking sectors.