Intraday Update: Nigerian Equities Market Down -0.15% on Sell-Offs Across Sectors

March 13, 2018/InvestmentOne Report

ASI as at 12.00pm: -0.15%.
Market movers: AFRIPRUD (-12.42%), JAPAULOIL (-8.33%), MULTIVERSE (+7.14%), NEM (+4.80%).
Sector Performances: Consumer Goods (-0.35%), Banking (-0.13%), Oil & Gas (-0.07%), Industrial (+0.07%).
Market activity: In today’s early trade, total volume and value rose by c.98% and c.600% respectively compared to this time yesterday, as investors have exchanged c. 212million units of shares worth c. N3.45billion. ZENITHBANK (-0.16%) is the most actively traded stock with c.56million units of shares accounting for c.26% of total volume.
Likely close: In the absence of a significant gain in DANGCEM, we may see the market close down today if the sell-off across most sectors continues.

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