June 6, 2017/InvestmentOne Research

ASI as at 12.00pm: -1.64%

Market movers: MOBIL (-9.74%), CUSTODYINS (-8.86%), MAYBAKER (+9.69%), WAPCO (+5.88%)

Sector Performances: Consumer Goods (-1.06%), Banking (-0.70%), Oil & Gas (-0.68%), Industrial (+0.16%),

Market activity: In today’s early trades, investors have exchanged over 383m units of stocks worth c.N2.5bn.This represents an improvement in volume turnover when compared with  c.244m units of stocks traded this time yesterday. DIAMONDBANK is currently the most actively traded stock with  90m units of stocks accounting for 23% of total volume

Likely close:  We expect the index to close in the red due to  profit-taking on recent gains by investors.