January 18, 2023/InvestmentOne Update

ASI as at 12.00pm: +0.03%

Market Mover: OKOMUOIL (+8.48%)

Top Gainers and Losers: MBENEFIT (+10.00%), CHELLARAM (+9.77%), LIVESTOCK (-7.50%) and REGALINS (-7.14%).

Sector Performances: Banking (+0.03%), Industrial (+0.01%), and Oil and Gas and Consumer Goods.

Market activity: In today’s trade, total volume and value increased by 86% and 28% respectively, compared to this time last trading day, as investors have traded about 145 million units of shares worth N2.3 billion.

STERLNBANK (-0.65%) is the most traded stock by volume with about 93 million units of shares accounting for 64% of the total volume.

GEREGU (-0.14%) is the most traded stock by value with about N1.35 billion worth of shares accounting for 59% of the total value.

Likely close: In the absence of significant losses in the prices of AIRTELAFRI, MTNN and DANGCEM, the market should close positive if the buy-back sentiment seen in, the Banking and Industrial sectors persist.