ASI as at 12.00pm: -0.64% 

Market movers: MAYBAKER (-6.23%), STERLNBANK (-5.37%), SKYEBANK (+9.32%), UNITYBNK (+8.93%). 

Sector Performances: Banking (-0.09%), Industrial (-0.12%), Consumer Goods (-0.43%), Oil & Gas (-0.07%).  

Market activity: In today’s early trade, total volume and value declined by -49% and -67% respectively compared to this time yesterday. So far, investors have exchanged c. 437m units of shares worth c. N1.88bn. SKYEBANK (+9.32%) is the most actively traded stock with c.88m units of shares accounting for c.20% of total volume. 

Likely close: The market may likely close in the red today if the profit taking across all of the major sectors continues.