February 6, 2023/InvestmentOne Update
ASI as at 12.00pm: +0.26%
Market Mover: MTNN (+1.72%)
Top Gainers and Losers: SOVRENINS (+10.00%), COURTVILLE (+4.08%), CORNERST (-9.52%) and JAPAULGOLD (-8.82%).
Sector Performances: Consumer Goods (+0.02%), Banking (-0.28%), Industrial (-0.01%) and Oil and Gas.
Market activity: In today’s trade, total volume decreased by 16% while total value increased by 136%, compared to this time last trading day, as investors have traded about 54 million units of shares worth N1.6 billion.
GTCO (-0.20%) is the most traded stock by volume with about 13.2 million units of shares accounting for 24% of the total volume.
AIRTELAFRI is the most traded stock by value with about N915 million worth of shares accounting for 57% 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.
