July 27, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.01%

Market movers:  CONOIL (+10.17%), DANGFLOUR (+7.80%), CADBURY (-9.68%),

UAC-PROP (-5.46%)

Sector Performances: Industrial (+0.47%), Oil & Gas (+0.19%), Banking (-0.46%),

Consumer Goods (-0.34%),

Market activity:  So far today, over 168m units of stocks worth c.N1.08bn have been traded by investors. This shows improvement in market turnover when compared with previous session when  investors exchanged over 67m units of stocks worth c.N693m. DIAMONDBANK is  currently the most actively traded stocks with 37m units accounting for c.22% of total volume.

Likely close: The ASI’s may close in the green if sentiment towards banking names improves.