ASI Intraday Update: Nigerian Stocks Gain +0.05% to Bullish Close

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

May 8, 2023/InvestmentOne Update

SI as at 12.00pm: +0.05%

Top Gainers and Losers: REDSTAREX (+9.96%), CAVERTON (+9.52%), ARDOVA (-8.85%) and CHIPLC (-8.85%).

Sector Performances: Banking (+0.51%), Consumer Goods (+0.02%), Oil and Gas (-0.80%) and Industrial.

Market activity: In today’s trade, total volume and value increased by 26% and 27% respectively, compared to this last Friday, as investors have traded about 189 million units of shares worth N1.9 billion.

ACCESSCORP (+1.78%) is the most traded stock by volume with about 99 million units of shares accounting for 52% of the total volume.

AIRTELAFRI is the most traded stock by value with about N1.4 billion worth of shares accounting for 73% of the total value.

Likely close: In the absence of any substantial fall in the prices of AIRTELAFRI, DANGCEM and MTNN, the market should close green.

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