July 3, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.10%

Market movers: 7UP (-9.51%), UNITYBNK (-8.96%), HONYFLOUR (+9.66%), SKYEBANK (+3.33%)

Sector Performances: Consumer Goods (-0.34%), Banking (-0.02%), Industrial (-0.01%), Oil & Gas

Market activity: In today’s early trades, c.21m units of stocks worth c.N113m have been traded by investors. This shows a decline in activity level compared to  c.109m units of shares worth N630m  exchanged this time on Friday. CUSTODYINS is the most actively traded stock with c.6m units of shares accounting for c.29% of total volume.

Likely close: We expect the NSE-ASI to close in the red given current decline seen in three of the four major sectors.