December 29, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.15% 

Market movers: UAC-PROP (+4.87%), MEDVIEWAIR (+4.74%), FLOURMILL (-4.80%), CAVERTON (-4.40%). 

Sector Performances: Banking (+0.36%), Consumer Goods (+0.19%), Industrial (-0.01%), Oil & Gas. 

Market activity: In today’ early trade, total volume and value rose by +75% and +392% as investors have exchanged 278m units of shares worth N5.76bn. TRANSCORP is the most actively traded stock with c.90m units of shares accounting for c.32% of total volume. 

Likely close: We may see the market close up if the buy interest towards the Banking and Consumer names continue.