Intraday Update: NSE Benchmark Index Down-0.11% on Sell-Offs in Banking, Consumer Goods Stocks

April 5, 2018/InvestmentOne Update

ASI as at 12.00pm: -0.11%.
Market movers: GLAXOSMITH (-9.61%), JAIZBANK (-8.11%), FIDELITYBK (+5.84%), LASACO (+5.56%).
Sector Performances: Consumer Goods (-0.16%), Banking (-0.08%), Oil & Gas, Industrial.
Market activity: In today’s early trade, total volume and value both dropped by about 64% and 41% compared to this time yesterday, as investors have exchanged c. 173.6million units of shares worth c. N 2.8billion. FIDELITYBK is the most actively traded stock with c.42million units of shares accounting for c.24% of total volume.
Likely close: In the absence of a significant gain in DANGCEM, we may see the market print in red today if the sell-off in Banking and Consumer Goods sectors continues.


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