January 11, 2018/InvestmentOne Report

ASI as at 12.00pm: +2.04% 

Market movers: CCNN (+9.96%), CHAMPION (+9.92%), CILEASING (-2.03%), FLOURMILL (-1.20%). 

Sector Performances: Banking (+5.20%), Consumer Goods (+1.11%), Industrial (+1.43), Oil & Gas (+2.05%). 

Market activity: In today’s early trade, total volume remained unchanged but value increased by c.+29% compared to this time yesterday. So far, investors have exchanged c. 443m units of shares worth c. N4.27bn. DIAMONDBNK (+8.62%) is the most actively traded stock with c.133m units of shares accounting for c.30% of total volume. 

Likely close: We may see the market close up if the bullish sentiment across all of the sectors continues.