February 14, 2018/InvestmentOne Research

ASI as at 12.00pm: +0.40%. 

Market movers: FBNH (+5.00%), INTBREW (+4.00%), FIRSTALU (-9.09%), PRESTIGE (-7.69%).

Sector Performances: Banking (+0.72%), Consumer Goods (+0.29%), Oil & Gas (-0.01%), Industrial (-0.01%). 

Market activity: In today’s early trade, while total volume declined by c. -17%, total value rose by c. +19% compared to this time yesterday, as investors have exchanged c.161million units of shares worth c. N1.38billion. TRANSCORP (-5.67%) is the most actively traded stock with c.27million units of shares accounting for c.17% of total volume. 

Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the buy interest in the Banking and Consumer names continues.