July 24, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.57%

Market movers: JAIZBANK (+5.00%), NASCON (+4.98%), FIDELITYBK (-4.76%),UNITYBNK (-4.29%)

Sector Performances: Industrial (+0.84%), Oil & Gas (+0.40%), Banking (+0.08%), Consumer Goods (-0.10%)

Market activity: Activity level in today’s early trades are significantly lower than that of last week Friday. Investors have exchanged c.33m units of shares worth c.N254m so far today, which represents a decline from Friday’s trades where c.63m units of shares valued at N737m were exchanged. UBA (+2.30%) is the most actively traded stock with c.11m units of shares accounting for c.33% of total volume.

Likely close: The market is likely to end in the green today given the positive sentiment seen in three of the four major sectors.