July 6, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.23%

Market movers: NEM (-4.95%), FLOURMILL (-4.91%), FCMB (+4.35%), UNITYBNK (+2.99%)

Sector Performances: Consumer Goods (-1.22%), Oil & Gas (+0.43%), Banking (+0.27%), Industrial

Market activity: Activity levels are down in early trades today as investors have exchanged 25m units of shares worth N370m, compared with 64m units worth N435m this time yesterday. LIVESTOCK (-2.04%) is the most actively traded stock with c.7.5m units of shares accounting for 30% of total volume.

Likely close: The market may close in the red today driven largely by the sell-off in Consumer names, despite the recovery in the Banking sector.