Intraday Update: NSEASI up 0.02% Driven by Banking Stocks

December 4, 2017/InvestmentOne Report

ASI as at 12.00pm: +0.02% 

Market movers: CADBURY (+10.12%), LINKASSURE (+4.84%), STERLNBANK (-3.00%), CILEASING (-2.99%). 

Sector Performances: Consumer Goods (+0.26%), Oil & Gas (+0.29%), Banking (-0.13%), Industrial. 

Market activity: Total volume and total value traded declined compared to what it was this time last week Thursday, as investors have exchanged c.138m units of shares worth c.N2bn. ZENITHBANK (+0.20%) is the most actively traded stock with c.32m units of shares accounting for c.24% of total volume.  

Likely close: The market might likely close positive today should investors’ sentiments towards the banking names improve.