February 5, 2018/InvestmentOne Report

ASI as at 12.00pm: -1.33% 

Market movers: SKYEBANK (-5.59%), LASACO (-5.56%), AIICO (+10.00%), LINKASSURE (+8.82%).

Sector Performances: Industrial (-2.15%), Oil & Gas (-0.64%), Banking (+0.15%), Consumer Goods (+0.06%). 

Market activity: In today’s early trade, total volume and value declined by c. -19% and c.-26% respectively compared to this time last week Friday, as investors have exchanged c. 97million units of shares worth c. N476million. SKYEBANK (-1.28%) is the most actively traded stock with c.24million units of shares accounting for c.24% of total volume. 

Likely close: In the absence of a gain in DANGCEM, the market may likely close in the red today if the sell-off  in the Industrial and Oil and Gas sectors continues.