December 11, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.05% 

Market movers: DANGFLOUR (+5.00%), NASCON (+4.99%), LEARNAFRCA (-5.00%),  HONYFLOUR (-4.55%). 

Sector Performances: Banking (+0.19%), Consumer Goods (-0.08%), Industrial (-0.07%), Oil & Gas. 

Market activity: Activity levels  in today’s early trade  contracted both in terms of total volume and total value compared to what it was this time last week Friday. Investors have so far exchanged c.76m units of shares worth c.N606m compared to c.138m units of shares worth c.N1bn in the previous trading session. TRANSCORP is the most actively traded stock with c.19m accounting for c.25% of total volume. 

Likely close: We could see the market close up today if we see improved investor sentiments in the Consumer goods and Industrial names.