January 3, 2018/InvestmentOne Research

ASI as at 12.00pm: +0.74% 

Market movers: DIAMONDBNK (+9.55%), FCMB (+9.49%), NEIMETH (-8.00%), CUTIX (-4.98%). 

Sector Performances: Banking (+1.90%), Consumer Goods (+0.69%), Industrial (-0.01%), Oil & Gas. 

Market activity: In today’s early trade, total volume and value improved by +155% and +142% respectively compared to this time yesterday. So far, investors have exchanged 288m units of shares worth N880m. TRANSCORP (+4.73%) is the most actively traded stock with c.86m units of shares accounting for c.30% of total volume. 

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