ASI as at 12.00pm: +0.45%

Top Gainers and Losers: HONYFLOUR (+10.00%), ARADEL (+10.00%), JOHNHOLT (-9.68%) and GUINEAINS (-3.03%).

Sector Performances: Oil & Gas (+0.36%), Banking (+0.21%), Consumer Goods (+0.07%) and Industrial (-0.64%).

Market activity: In today’s trade, total volume and value declined by 3%, when compared to this time yesterday, as investors have traded about 132 million units of shares worth NGN3.66 billion. 

AIICO (+9.56%) is the most traded stock by volume with about 20 million units of shares accounting for 15% of the total volume. 

ARADEL (+10.00%)  is the most traded stock by value with about NGN1.25 billion worth of shares accounting for 34% of the total value. 

Likely close: In the absence of any major losses in the share prices of AIRTELAFRI, DANGCEM and MTNN, the market should close upwards.