Intraday Update: NSEASI Down -0.04% on Sell-Offs in Consumer, Industrial Goods Counters

April 16, 2018/InvestmentOne Update

ASI as at 12.00pm: -0.04%.
Market movers: DIAMONDBNK (-4.10%), NB (-2.38%), SKYEBANK (+10.00%), OANDO (+9.42%).
Sector Performances: Consumer Goods (-0.66%), Industrial (-0.01%), Banking (+0.40%), Oil & Gas.
Market activity: In today’s early trade, total volume and value increased by 99% and 412% respectively compared to this time last Friday, as investors have exchanged 77.6million units of shares worth N1.65billion. GUARANTY (-0.11%) is the most actively traded stock with 28.37million units of shares accounting for 37% of total volume.
Likely close: In the absence of a significant gain in DANGCEM, we may see the market print in the red today if the sell-off in the Consumer Goods & Industrial sectors continues.

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