February 22, 2023/InvestmentOne Update
ASI as at 12.00pm: +0.20%
Market Mover: GEREGU (+10.00%).
Top Gainers and Losers: GEREGU (+10.00%), COURTVILLE (+2.13%), MCNICHOLS (-9.84%)and CHAMS (-3.70%).
Sector Performances: Banking (+0.15%), Consumer Goods (-0.02%), Industrial and Oil and Gas.
Market activity: In today’s trade, total volume decreased by 7% while total value increased by 215% respectively, compared to this time yesterday, as investors have traded about 41 million units of shares worth N2.7 billion.
COURTVILLE (+2.13%) is the most traded stock by volume with about 8.4 million units of shares accounting for 20% of the total volume.
AIRTELAFRI is the most traded stock by value with about N964 million worth of shares accounting for 36% 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 observed in the Banking sector persists.
