January 17, 2018/InvestmentOne Research

ASI as at 12.00pm: +0.84% 

Market movers: TRANSCORP (+9.91%), FIDELITYBK (+9.75%), NASCON (-4.98%), CADBURY (-4.97%). 

Sector Performances: Industrial (+3.96%), Banking (+1.40%), Oil & Gas (+0.06%), Consumer Goods (-0.44%). 

Market activity: In today’s early trade, total volume and value increased by +432% and +139% respectively compared to this time yesterday. So far, investors have exchanged c. 575m units of shares worth c. N5.43bn. TRANSCORP (+9.91%) is the most actively traded stock with c.120m units of shares accounting for c.21% of total volume. 

Likely close: The market may close up today if the bullish sentiment across most of the sectors continues.