February 1, 2023/InvestmentOne Update
ASI as at 12.00pm: +0.39%
Market Mover: MTNN (+2.22%)
Top Gainers and Losers: IMG (+10.00%), SEPLAT (+10.00%), GUINNESS (-10.00%) and ARDOVA (-9.95%).
Sector Performances: Oil and Gas (+4.74%), Banking (+0.35%), Consumer Goods (+0.01%) and Industrial.
Market activity: In today’s trade, total volume and value decreased by 38% and 25% respectively compared to this time yesterday, as investors have traded about 84 million units of shares worth N3.14 billion.
UNIVINSURE is the most traded stock by volume with about 32.3 million units of shares accounting for 38% of the total volume.
GEREGU (+8.47%) is the most traded stock by value with about N1.6 billion worth of shares accounting for 51% 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 across major sectors persist.
