July 19, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.19%

Market movers: OANDO (+4.99%), CHAMPION (+4.58%), FIDSON (-5.00%), PRESCO (-4.99%)

Sector Performances: Banking (+1.06%), Oil & Gas (+0.55%), Consumer Goods (-0.39%), Industrial

Market activity: Today’s activity levels has declined significantly from yesterday. Investors have exchanged a total of 92m units of stock worth c.N639mn so far today, compared to yesterday’s level of c.2bn units of shares valued at c.N21bn. The most actively traded stock is CUSTODYINS which accounts for c.22% of today’s volume.

Likely close: We expect the NSE-ASI to close in the green driven largely by renewed interest in Banking names.