Intraday Update: Stocks Set to Rebound on Renewed Interest in Banking Counters

September 6, 2017/InvestmentOne Research

ASI as at 12.00pm: +0.12%

Market movers: REDSTAREX (+9.82%), DIAMONDBNK (+3.54%), PZ (-4.73%), SKYEBANK (-4.69%)

Sector Performances: Banking (+1.02%), Industrial (+0.02%), Consumer (-0.61%), Oil & Gas (-0.11%)

Market activity: Investors have exchanged 121m units of shares worth N2.32bn so far today, a significant increase in activity levels compared to this time yesterday. ACCESS (+0.51%) is the most actively traded stock with c.48m units of shares accounting for c.40% of total volume.

Likely close: The equities market looks likely to close in the green as a result of the renewed interest in Banking names.