Intraday Update: Nigerian Stocks +0.27% Buoyed by Banking, Industrial Sectors

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

December , 2022/InvestmentOne Update

ASI as at 12.00pm: +0.27%

Market movers: CWG (+10.00%), RTBRISCOE (+8.00%), WAPIC (-7.89%) and GEREGU (-2.44%).

Sector Performances: Industrial (+1.15%), Banking (+0.54%), Consumer Goods and Oil and Gas.

Market activity: In today’s trade, total volume and value increased by 306% and 330% respectively, compared to this time yesterday, as investors have traded about 122 million units of shares worth N2.74 billion.

FBNH (+0.46%) is the most traded stock by volume with about 65 million units of shares accounting for 53% of the total volume.

GEREGU (-2.44%) is the most traded stock by value with about N1.73 billion worth of shares accounting for 63% of the total value.

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

Leave a Comment

Your email address will not be published. Required fields are marked *

*