October 15, 2018/InvestmentOne Update
ASI as at 12.00pm: -0.12%.
Market movers: UNILEVER (-5.29%), JAPAULOIL (-4.17%), FIRSTALUM (+9.09%), NPFMCRFBK (+5.81%). .
Sector Performances: Consumer Goods (-0.48%), Banking (+0.10%), Industrial (+0.01%) and Oil & Gas.
Market activity: In today’s early trade, total volume and value declined by 75% and 46% respectively compared to this time last Friday as investors have exchanged 16million units of shares worth about N435million. GUARANTY (+0.27%) is the most actively traded stock with 5million units of shares accounting for about 31% of total volume.
Likely close: In the absence of a significant gain in DANGCEM, the market may close down today if the selloff in Consumer names continues.