Intraday Update: NSEASI Up +0.94% on Bullish Sentiments Across Sectors

January 12, 2018/InvestmentOne Research

ASI as at 12.00pm: +0.94% 

Market movers: CCNN (+10.14%), ETERNA (+10.13%), WAPIC (-5.00%), UPL (-4.94%). 

Sector Performances: Banking (+2.05%), Consumer Goods (+0.12%), Industrial (+1.33%), Oil & Gas (+1.87%). 

Market activity: In today’s early trade, total volume and value declined by c.-12% and c.-38% respectively compared to this time yesterday. So far, investors have exchanged c. 391m units of shares worth c. N2.66bn. DIAMONDBNK (+0.25%) is the most actively traded stock with c.60m units of shares accounting for c.15% of total volume. 

Likely close: We may see the market close up if the bullish sentiment across all of the sectors continues.