May 24, 2019/InvestmentOne Update
ASI as at 12.00pm: -0.09%.
Market movers: CHIPLC (-8.00%), ACADEMY (-7.41%), ETI (+9.29%), JAPAULOIL (+8.33%).
Sector Performances: Industrial (-2.58%), Banking (+1.16%), Consumer Goods (+0.04%) and Oil & Gas.
Market activity: In today’s early trade, total volume and value declined by 88% and 77% compared to this time yesterday as investors have exchanged over 47million units of shares worth about N1.02billion. ZENITHBANK (+1.33%) is the most actively traded stock with about 8.91million units of shares accounting for about 19% of total volume.
Likely close: In the absence of a significant gain in DANGCEM, the market may close down today despite gains in Banking and Consumer Goods sector.