January 19, 2023/InvestmentOne Update

ASI as at 12.00pm: +0.01%

Top Gainers and Losers: INTENEGINS (+9.76%), CAVERTON (+9.38%), UPDCREIT (-6.06%) and CHIPLC (-5.80%).

Sector Performances: Banking (+0.05%), Industrial (+0.05%), Consumer Goods (-0.05%) and Oil and Gas.

Market activity: In today’s trade, total volume and value decreased by 78% and 82% respectively, compared to this time yesterday, as investors have traded about 32 million units of shares worth N408 million.

GTCO (-0.41%) is the most traded stock by volume with about 5 million units of shares accounting for 16% of the total volume.

GTCO (-0.41%) is the most traded stock by value with about N112 Million worth of shares accounting for 28% 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.