Intraday Update: NGXASI Rise +0.03%, Driven by Consumer Goods Sector

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December 28, 2022/InvestmentOne Update

ASI as at 12.00pm: +0.03%

Market movers: NB (+3.72%) and DANGSUGAR (+3.23%).

Top Gainers and Losers: CHAMPION (+10.00%), UNITYBNK (+8.00%), RTBRISCOE (-7.41%) and CHAMS (-4.55%).

Sector Performances: Consumer Goods (+0.31%), Banking (-0.39%), Oil and Gas (+0.02%) and Industrial.

Market activity: In today’s trade, total volume increased by 18% while total value decreased by 213%, compared to this time last week Thursday, as investors have traded about 44 million units of shares worth N1.35 billion.

ACCESSCORP (-1.16%) is the most traded stock by volume with about 18 million units of shares accounting for 41% of the total volume.

GEREGU (+0.35%) is the most traded stock by value with about N758 million worth of shares accounting for 56% of the total value.

Likely close: In the absence of significant losses in the prices of DANGCEM, MTNN and AIRTELAFRI, the market should close positively if the gains recorded in the Consumer Goods sector persists.

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