July 5, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.44%

Market movers: TRANSCORP (-7.25%), ETI (-4.97%), CUSTODYINS (+4.87%),

CONTINSURE (+4.20%)

Sector Performances: Consumer Goods (-0.63%), Banking (-0.53%), Oil & Gas (-0.20%), Industrial

Market activity: In today’s early trades, c.64m units of stocks worth c.N435m have been traded by investors. This shows a flat activity level compared to  c.64m units of shares worth N436m  exchanged this time yesterday. FBNH (+1.86%) is the most actively traded stock with c.12m units of shares accounting for c.19% of total volume.

Likely close: We expect the NSE-ASI to close negative at the end of today’s trading session given the current bearish trend seen in three of the four major sectors.