InvestmentOne report says market movers are Nigeria’s leading conglomerate in several industries, AG Leventis (Nigeria) Plc  and FBN Holdings Plc; both are down -7.41 percent and -5.33 percent each, while on the positive side is Japaul Oil & Maritime Plc and Prestige Assurance Plc; both are up +4.76 percent and +4.65 percent apiece.

In terms of sector performance, the update reports that the Banking and Industrial Goods indices have depreciated -0.11 percent and -0.17 percent respectively, while the  and Oil & Gas sectors are also down -0.12 percent and +0.59 percent each.

According to InvestmentOne, market activity in Wednesday’s early trade, shows that total volume and value increased by 100 percent and 40 percent respectively compared to this time on Tuesday as investors have exchanged 62 million units of shares worth about N1.43 billion.

FBN Holdings Plc with a loss 0f -5.33 percent is the most actively traded stock with 27 million units of shares accounting for about 44% 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 most sectors continues,” the InvestmentOne report added.