August 7, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.03%

Market movers: NESTLE (-4.37%), UNILEVER (-0.90%), MOBIL (+4.90%),

NASCON (+0.6%)

Sector Performances Consumer (-0.21%), Oil & Gas (+0.20%), Industrial (+0.08%),

Banking (+0.05%)

Market activity: Investors have exchanged a total of c.52m units of shares worth N492m so far today, less than half the activity levels witnessed at this time last Friday. DANGFLOUR (+0.30%) is the most actively traded stock with c.10m units of shares accounting for c.19% of total volume.

Likely close: Despite the profit taking in the Consumer sector, we could see the ASI close in the green on the back of investors’ positioning in Tier 1 Banking names.