August 24, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.27%

Market movers: MRS (-5.02%), PRESCO (-4.99%), MANSARD (+2.15%),

NEIMETH (+5.06%)

Sector Performances: Banking (-0.48%), Oil & Gas (-0.33%), Consumer (-0.18%),

Industrial (-0.05%)

Market activity:  Compared to this time yesterday, activity levels are down as investors have exchanged 43.6m units of shares worth N724m so far today. ACCESS (-2.83%) is the most actively traded stock with 14.4m units of shares accounting for c.33% of total volume.

Likely close: The market looks likely to close negative today due to profit taking on recent gains and the dividend markdown on GUARANTY (-0.44%).