February 16, 2018/InvestmentOne Report

ASI as at 12.00pm: -0.15%. 

Market movers: LINKASSURE (-6.82%), FCMB (-5.00%), NASCON (+5.00%), UCAP (+1.63%).

Sector Performances: Industrial (-0.86%), Banking (-0.22%), Consumer Goods (-0.09%), Oil & Gas. 

Market activity: In today’s early trade, while total volume improved by c. +29%, total value declined by c. -66% compared to this time yesterday, as investors have exchanged c. 359million units of shares worth c. N1.05billion. LINKASSURE (-6.82%) is the most actively traded stock with c.292million units of shares accounting for c.81% of total volume. 

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