January 9, 2018/InvestmentOne Research

ASI as at 12.00pm: +0.08% 

Market movers: DANGFLOUR (+8.50%), HONYFLOUR (+5.30%), VITAFOAM (-6.15%), NESTLE (-4.99%). 

Sector Performances: Banking (+0.37%), Oil & Gas (+0.89%), Consumer Goods (-0.48%), Industrial. 

Market activity: In today’s early trade, total volume and value decline by -17% and -83% respectively compared to this time yesterday. So far, investors have exchanged c.213m units of shares worth c. N1.6bn. TRANSCORP (+1.13%) is the most actively traded stock with c.105m units of shares accounting for c.49% of total volume. 

Likely close: We may see the market close up if the bullish sentiment in the Banking and Oil & Gas sectors continues.