September 22, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.18%

Market movers: UNILEVER (+5.00%), FBNH (+4.66%), FCMB (-2.88%),  NEM (-1.71%) 

Sector Performances: Banking (+0.10%), Consumer Goods (+0.10%), Oil & Gas, Industrial 

Market activity: Similar to yesterday, the 25m units of GUARANTY (+0.13%) worth N978m is driving market activity levels today. In total, investors have traded 46m units of shares worth N1.26bn, a significant decline compared to the 174m units of shares worth N5.2bn exchanged yesterday.

Likely close: The ASI is likely to close positive on the last trading session of the week, in the absence of a further sell-off on NESTLE.