July 31, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.72%

Market movers: FCMB (-8.40%), MAYBAKER (-4.95%), OKOMUOIL (+10.24%),

DANGSUGAR (+10.22%)

Sector Performances Banking (-3.40%), Industrial (-0.06%), Oil & Gas (+0.27%),

Consumer Goods (+0.12%)

Market activity: Investors have exchanged c.145m units of shares worth N1.2bn so far today, representing less than half the value of shares traded at this time on Friday. FCMB is the most actively traded stock with 56m units of shares accounting for c.39% of total volume.

Likely close: We could see the ASI close the first trading session of the week in the red due to the significant sell-off in the Banking sector.