May 30, 2023/InvestmentOne Update

ASI as at 12.00pm: +2.43%

Top Gainers and Losers: DANGSUGAR (+10.00%), ETERNA (+10.00%), ROYALEX (-8.33%) and TANTALIZER (-8.00%).

Sector Performances: Banking (+8.10%), Consumer Goods (+4.36%), Oil and Gas (+3.23%) and Industrial (+2.17%).

Market activity: In today’s trade, total volume and value increased by 331% and 277% respectively, compared to this time last trading day, as investors have traded about 612 million units of shares worth N8.3 billion.

FBNH (+4.69%) is the most traded stock by volume and value with about 117 million units of shares worth N1.6 billion accounting for 19% and 19% of the total volume and value, respectively.

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