Intraday Update: NSEASI up 1.03%, Driven by Investors Sentiment in Banking, Industrial Goods Names

December 5, 2017/InvestmentOne Report

ASI as at 12.00pm: +1.03% 

Market movers: LEARNAFRICA (+8.25%), FCMB (+7.08%), CONTINSURE (-5.00%), NEIMETH (-5.00%). 

Sector Performances: Industrial (+0.94%), Banking (+0.56%), Consumer Goods (+0.44%), Oil & Gas. 

Market activity: Total volume and total value traded improved compared to what it was this time yesterday, as investors have exchanged c.163m units of shares worth c.N2bn. FBNH (+5.17%) is the most actively traded stock with c.27m units of shares accounting for c.16% of total volume.  

Likely close: The market may likely close positive today should investors’ sentiments towards the Industrial and Banking names continue.