January 30, 2018/InvestmentOne Report

ASI as at 12.00pm: -0.72% 

Market movers: ROYALEX (-8.33%), CUTIX (-5.00%), HONYFLOUR (+10.00%), SKYEBANK (+10.00%). 

Sector Performances: Industrial (-1.20%), Oil & Gas (-0.53%) Banking (+0.38%), Consumer Goods (+0.01%).   

Market activity: In today’s early trade, total volume and total value increased by c.+147% and c. +111% compared to this time yesterday, as investors have exchanged c.443million units of shares worth c. N2.66billlion. TRANSCORP (+6.67%) is the most actively traded stock with c.89million units of shares accounting for c.20% of total volume. 

Likely close: The market may likely close down today if the profit taking in Industrial and Oil & Gas sectors continues.