Intraday Update” NSEASI Heads Southward, Driven by Sell-Offs in Consumer Goods Counter

November 22, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.02% 

Market movers: UNILEVER (+5.69%), CHAMPION (+4.63%), LIVESTOCK (-4.55%), CILEASING (-2.92%) 

Sector Performances: Banking (+0.48%), Consumer Goods (-0.46%), Insurance (+0.52%), Oil & Gas and Industrial. 

Market activity: Investors have exchanged c.139m units of shares worth N833m so far today, a moderation in both total volume and value compared to this time yesterday. CUSTODYINS is the most actively traded stock with c.55m units of shares accounting for c.38% of total volume.  

Likely close: Following sell-off across stocks in the Consumer goods counter, we could see the market close in the red today.