September 20, 2017/InvestmentOne Research

ASI as at 12.00pm: -0.12%

Market movers: NPFMCRFBK (-5.17%), UAC-PROP (-4.92%), FO (+2.30%), FBNH (+1.17%)

Sector Performances: Banking (-0.30%), Consumer Goods (-0.04%), Oil & Gas (+0.26%), Industrial

Market activity: While total volume is up c.+25%, compared to this time yesterday, total value is less than half as investors have exchanged c.40m units of stocks worth N139m so far today. MEYER is the most actively traded stock with 20m units of shares accounting for c.50% of total volume.

Likely close: In the absence of buy interest in bellwether stocks, we expect the ASI to end negative for the third consecutive trading session this week.