ASI as at 12.00pm: -0.03%. 

Market movers: FTNCOCOA (-5.00%), DUNLOP (-4.76%), NASCON (+8.64%), JAPAULOIL (+7.41%).

Sector Performances: Industrial (-1.34%), Banking (-0.08%), Consumer Goods (+0.41%), Oil & Gas 

Market activity: In today’s early trade, total volume and value increased by c.+4% and c.+91% respectively compared to this time yesterday, as investors have exchanged c.131million units of shares worth c. N1.6billion. TRANSCORP (+2.03%) is the most actively traded stock with c.34million units of shares accounting for c.26% of total volume. 

Likely close: In the absence of a significant gain in DANGCEM, we may see the market close down today if the sell-off in Banking and Industrial sector continues.