February 24. 2023/InvestmentOne Update
ASI as at 12.00pm: +0.28%
Market Mover: BUAFOODS (+6.17%)
Top Gainers and Losers: JOHNHOLT (+10.00%), MCNICHOLS (+10.00%), LIVINGTRUST (-10.00%) and CORNERST (-7.69%).
Sector Performances: Consumer Goods (+2.50%), Oil and Gas (+0.93%), Banking (+0.19%) and Industrial.
Market activity: In today’s trade, total volume decreased by 28% while total value increased by 51%, compared to this time yesterday, as investors have traded about 31 million units of shares worth N1.18 billion.
GTCO (+0.20%) is the most traded stock by volume with about 11 million units of shares accounting for 36% of the total volume.
SEPLAT is the most traded stock by value with about N503 million worth of shares accounting for 43% 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 Consumer Goods, Oil and Gas and Banking sectors persist.
