January 24, 2018/InvestmentOne Research

ASI as at 12.00pm: -2.54% 

Market movers: FCMB (-9.71%), DIAMONDBNK (-9.60%), MAYBAKER (+4.95%), LINKASSURE (+4.11%). 

Sector Performances: Banking (-3.94%), Industrial (-1.52%),Consumer Goods (-0.89%), Oil & Gas (-0.07%).  

Market activity: In today’s early trade, while total volume increased by c.+13%, total value declined by c.-24% compared to this time yesterday. So far, investors have exchanged c. 244million units of shares worth c.N1.45billlion. TRANSCORP (-9.35%) is the most actively traded stock with c.75million units of shares accounting for c.30% of total volume. 

Likely close: The market may likely close in the red today if the profit taking across all sectors continues.