January 31, 2023/InvestmentOne Update
ASI as at 12.00pm: +0.25%
Market Mover: SEPLAT (+10.00%)
Top Gainers and Losers: VERITASKAP (+10.00%), LIVINGTRUST (+10.00%), CHAMS (-10.00%) and NCR (-10.00%).
Sector Performances: Banking (+1.05%), Industrial (+0.03%), Consumer Goods (-0.11%), and Oil and Gas.
Market activity: In today’s trade, total volume decreased by 88% while total value increased by 231% compared to this time yesterday, as investors have traded about 136 million units of shares worth N4.2 billion.
UNIVINSURE is the most traded stock by volume with about 48 million units of shares accounting for 35% of the total volume.
AIRTELAFRI is the most traded stock by value with about N3 billion worth of shares accounting for 71% 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 Banking and Industrial sectors persist.
