January 25, 2023/InvestmentOne Update
ASI as at 12.00pm: +0.03%
Market Mover: OKOMUOIL (+9.76%)
Top Gainers and Losers: TRIPPLEG (+10.00%), CHELLARAM (+10.00%), RTBRISCOE (-10.00%) and CORNERST (-6.90%).
Sector Performances: Consumer Goods (+0.35%), Banking (-0.01%), Industrial and Oil and Gas.
Market activity: In today’s trade, total volume decreased by 42% while total value increased by 19% respectively, compared to this time yesterday, as investors have traded about 38 million units of shares worth N1 billion.
MBENEFIT (-3.03%) is the most traded stock by volume with about 3 million units of shares accounting for 8% of the total volume.
MTNN (-0.43%) is the most traded stock by value with about N472 million worth of shares accounting for 47% 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 gains recorded in the Consumer Goods sector persists.
