ASI as at 12.00pm: +1.05% 

Market movers: UNITYBNK (+9.84%), STERLNBANK (+9.30%), UPL (-4.84%), DANGSUGAR (-0.46%). 

Sector Performances: Banking (+2.43%), Consumer Goods (+0.54%), Industrial (+1.23%), Oil & Gas (+0.57%). 

Market activity: In today’s early trade, while total volume decline by –35% total value increased by +63%  compared to this time yesterday. So far, investors have exchanged 248m units of shares worth N2.06bn. TRANSCORP (+9.41%) is the most actively traded stock with c.47m units of shares accounting for c.19% of total volume. 

Likely close: We may see the market close up if the bullish sentiment across all of the sectors continues.