February 7, 2018/InvestmentOne Research

ASI as at 12.00pm: -0.26% 

Market movers: SKYEBANK (-8.94%), WEMABANK (-8.82%), CAVERTON (+9.71%), LASACO (+5.88%).

Sector Performances: Banking (-0.19%), Oil & Gas (+0.03%), Consumer Goods (+0.02%), Industrial 

Market activity: In today’s early trade, total volume and value declined by c. -60% and c. -30% respectively compared to this time yesterday, as investors have exchanged c. 127million units of shares worth c. N1.50billion. DANGSUGAR (+4.55%) is the most actively traded stock with c.24million units of shares accounting for c.18% of total volume. 

Likely close: In the absence of a gain in DANGCEM, the market may likely close down today if the sell-off on the Banking names continues.