The update reports that market movers are Union Bank of Nigeria Plc and Livestock Feeds Plc; both are up +3.45 percent and +1.92 percent apiece, on the flip-side, insurers, Nem Insurance Plc and Mutual Benefit Assurance Plc are both down -9.83 percent and -4.55 percent respectively.

In terms of sector performance, InvestmentOne reports that Banking sector is up +0.39 percent, while Consumer Goods, Oil & Gas and Industrial indices are also up.

The report says market activity in Tuesday’s early trade, shows that while total volume declined 71 percent, total value increased by 9 percent compared to this time on Monday as investors have exchanged about 16 million units of shares worth about N481 million.

FBN Holdings Plc is the most actively traded stock with 2 million units of shares accounting for about 12 percent of total volume. 

“Likely close: In the absence of a significant loss in DANGCEM, the market may close up today if the gain in the Banking sector persists,” the InvestmentOne update added.