October 10, 2018/InvestmentOne Update
ASI as at 12.00pm: +0.01%.
Market movers: UNIONDAC (+7.14%), REDSTAREX (+6.98%), UACN (-8.26%), CHAMS (-7.14%). .
Sector Performances: Consumer Goods (+0.17%), Oil & Gas (+0.12%), Banking (-0.02%) and Industrial (-0.01%).
Market activity: In today’s early trade, while total volume increased by 105%, total value declined by 40% compared to this time yesterday as investors have exchanged 41million units of shares worth about N423million. CHAMS (+0.41%) is the most actively traded stock with 12million units of shares accounting for about 29% of total volume.
Likely close: In the absence of a significant gain in DANGCEM, the market may close up today if the gains in Consumer Goods and Oil & gas are sustained.