February 12, 2018/InvestmentOne Research

ASI as at 12.00pm: -0.85%. 

Market movers: AIICO (-8.22%), HMARKINS (-5.71), GLAXOSMITH (+4.95%), LINKASSURE (+3.53%).

Sector Performances: Banking (-2.55%), Consumer Goods (-0.08%), Industrial, Oil & Gas. 

Market activity: In today’s early trade, while total volume declined by c. -16%, total value increased by c. +132% compared to this time last Friday, as investors have exchanged c.186million units of shares worth c. N2.07billion. SKYEBANK is the most actively traded stock with c.31million units of shares accounting for c.17% of total volume. 

Likely close: In the absence of a significant gain in DANGCEM, the market may print in the red today if the sell-off in the Banking sector continues.