UPDATE: Nigerian Stocks Head Northward +0.39% Buoyed by Bellwether

Image Credit: quickenloans.com

December 2, 2022/InvestmentOne Update

ASI as at 12.00pm: +0.39%

Market movers: NNFM (+9.76%), NEIMETH (+9.45%), GEREGU (-4.84%) and JAPAULGOLD (-3.45%).

Sector Performances: Banking (-0.34%), Consumer Goods, Industrial and Oil and Gas.

Market activity: In today’s trade, total volume decreased by 26%, while value increased by 196% compared to this time yesterday as investors have traded about 48 million units of shares worth N3.43 billion.

MTNN (+2.33%) is the most traded stock by volume with about 14 million units of shares accounting for 29% of the total volume.

MTNN (+2.33%) is the most traded stock by value with about N3.12 billion worth of shares accounting for 91% of the total value.

Likely close: In the absence of significant losses in the prices of DANGCEM, MTNN and AIRTELAFRI, the market should close in green.

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