December 29, 2022/InvestmentOne Update

ASI as at 12.00pm: +0.25%

Market movers: NB (+8.78%) and GTCO (+5.15%).

Top Gainers and Losers: CWG (+9.52%), LASACO (+9.41%), LIVESTOCK (-8.40%) and CHIPLC (-7.69%).

Sector Performances: Banking (+1.03%), Oil and Gas (+0.17%), Industrial (+0.14%) and Consumer Goods (-0.03%).

Market activity: In today’s trade, total volume increased by 100% while total value increased by 48%, compared to this time yesterday, as investors have traded about 88 million units of shares worth N2 billion.

GTCO (+5.15%) is the most traded stock by volume with about 26 million units of shares accounting for 30% of the total volume.

GTCO (+5.15%) is the most traded stock by value with about N615 million worth of shares accounting for 31% of the total value.

Likely close: In the absence of significant losses in the prices of DANGCEM, MTNN and AIRTELAFRI, the market should close bullish if the gains recorded across major sectors persist.