Intraday Update: Nigerian Stocks Gain +0.43% on Banking, Industrial Counters

Image Credit: quickenloans.com

January 11, 2023/InvestmentOne Update

ASI as at 12.00pm: +0.43%

Top Gainers and Losers: BUACEMENT (+3.85%), ACCESSCORP (+1.11%), GTCO (-0.63%) and ZENITHBANK (-0.41%).

Sector Performances: Industrial (+1.64%), Banking (+0.12%), Consumer Goods and Oil and Gas.

Market activity: In today’s trade, total volume and value decreased by 18% and 44% respectively, compared to this time yesterday, as investors have traded about 110 million units of shares worth N2.8 billion.

FBNH (+0.45%) is the most traded stock by volume with about 71 million units of shares accounting for 65% of the total volume.

BUACEMENT (+3.85%) is the most traded stock by value with about N1 billion worth of shares accounting for 36% of the total value.

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

Leave a Comment

Your email address will not be published.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

*