February 28, 2023/InvestmentOne Update
ASI as at 12.00pm: +0.14%
Market Mover: MTNN (+1.43%)
Top Gainers and Losers: MRS (+10.00%), OANDO (+10.00%), MULTIVERSE (-10.00%) and FLOURMILL (-8.44%).
Sector Performances: Oil and Gas (+0.39%), Industrial (+0.30%), Consumer Goods (-0.31%) and Banking (-0.05%).
Market activity: In today’s trade, total volume and value increased by 12% and 159% respectively, compared to this time yesterday, as investors have traded about 58 million units of shares worth N1.15 million.
OANDO (+10.00%) is the most traded stock by volume with about 16 million units of shares accounting for 28% of the total volume.
DANGCEM (+0.04%) is the most traded stock by value with about N386 million worth of shares accounting for 34% 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 Oil and Gas and Industrial sectors persist.
