December 19, 2017/InvestmentOne Report

ASI as at 12.00pm: -0.20% 

Market movers: UBN (-4.92%), CHAMPION (-4.76%), TRANSCORP (+4.38%), AIICO (+3.92%). 

Sector Performances: Banking (-0.24%), Consumer Goods (-0.35%), Industrial (-0.08%), Oil & Gas. 

Market activity: Total volume and total value traded by investors in today’s early trade are c.44m units of shares worth c.N1.2bn, representing a c.-17% and c.-20% reduction respectively in the volume and value traded yesterday. GUARANTY    (-0.25%) is the most actively traded stock with c.12m units of shares accounting for c.28% of total volume. 

Likely close: Given the bearish sentiment across major sectors, we are likely to see the ASI end negative today.