ASI as at 12.00pm: +0.22%

Market movers: UCAP (+8.91%), ZENITHBANK (+8.47%), ETERNA (-10.00%) and CHAMPION (-9.87%).

Sector Performances: Banking (+3.74%), Industrial (+0.12%), Oil and Gas (-1.32%) and Consumer Goods (-0.09%).

Market activity: In today’s trade, total volume increased by 12%, while total value decreased by 9%, compared to this time yesterday, as investors have traded about 87million units of shares worth N1.45billion. FLOURMILL is the most actively traded stock thus far with about 18million units of shares accounting for about 21% of the total volume.

Likely close: In the absence of significant losses in the prices of DANGCEM, MTNN and AIRTELAFRI, the market should close positive if the gains printed in the Banking and Industrial sectors persist.