ASI as at 12.00pm: +0.24%

Market movers: LIVESTOCK (+9.41%), NEM (+4.65%), STERLNBANK (-2.91%)

FCMB (-2.46%)

Sector Performances Banking (+0.51%), Consumer (+0.15%), Oil & Gas,

Industrial

Market activity: Due to buying interest in Tier 1 banking names  such as ACCESS and UBA as well LIVESTOCK, volume of stocks so far traded  is currently  twice yesterday’s level.  Hence, over 102m units of stocks worth c.N1.2bn have been exchanged by investors. ACCESS (+1.00%)  currently tops the volume chart with c.37m units of shares accounting for 36% of total volume.

Likely close: We expect the index to close in the green with support from buying interest in Banking and Consumer tickers.