July 4, 2014/InvestmentOne Research

ASI as at 12.00pm: -0.55%

Market movers: UNITYBNK (-6.56%), FLOURMILL (-5.07%), REDSTAREX (+10.14%),

HONYFLOUR (+9.33%)

Sector Performances: Banking (-1.11%), Oil & Gas (-0.84%), Consumer Goods (-0.28%),

Industrial

Market activity: In today’s early trades, c.64m units of stocks worth c.N436m have been traded by investors. This shows an increase in activity level compared to  c.21m units of shares worth N113m  exchanged this time yesterday. FIDELITYBK is the most actively traded stock with c.17m units of shares accounting for c.27% of total volume.

Likely close: The index is likely to close in the red given the current bearish trend seen in three of the four major sectors.