January 15, 2018/InvestmentOne Research

ASI as at 12.00pm: -1.02% 

Market movers: NB (-6.62%), WAPCO (-4.99%), FCMB (+9.84%), SKYEBANK (+8.33%). 

Sector Performances: Banking (-1.56%), Consumer Goods (-2.02%), Industrial (-2.21%), Oil & Gas. 

Market activity: In today’s early trade, total volume and value declined by c.-34% and c.-39% respectively compared to this time last Friday. So far, investors have exchanged c. 259m units of shares worth c. N1.61bn. TRANSCORP (-0.03%) is the most actively traded stock with c.50m units of shares accounting for c.19% of total volume. 

Likely close: The market may close in the red today if the bearish sentiment across all of the sectors continues.