January 18, 2018/InvestmentOne Report

ASI as at 12.00pm: -1.11% 

Market movers: FIDSON (-9.40%), DANGCEM (-4.98%), CCNN (+10.16%), FCMB (+10.06%). 

Sector Performances: Industrial (-3.05%), Consumer Goods (-0.92%), Oil & Gas (-0.08%), Banking (+0.36%). 

Market activity: In today’s early trade, total volume and value increased by +48% and +5% respectively compared to this time yesterday. So far, investors have exchanged c. 849m units of shares worth c. N5.69bn. TRANSCORP (+1.57%) is the most actively traded stock with c.146m units of shares accounting for c.17% of total volume. 

Likely close: The market may close down today if the profit taking across most of the sectors continues.