Intraday Update: NGXASI Inch Up +0.01% Driven by Bellwether Counters

Image Credit: InvestmentOne

June 9, 2023/InvestmentOne Update

ASI as at 12.00pm: +0.01%

Top Gainers and Losers: NEM (+10.00%), GOLDBREW (+9.88%), SUNUASSUR (-8.51%) and CUTIX (-5.24%).

Sector Performances: Consumer Goods (+0.03%), Industrial (+0.01%), Banking (-0.81%) and Oil and Gas.

Market activity: In today’s trade, total volume increased by 59% while total value decreased by 5%, compared to this time yesterday, as investors have traded about 322 million units of shares worth N2.23 billion.

FCMB (+2.00%) is the most traded stock by volume and value with about 202 million units of shares worth N929 Million accounting for 63% and 42% of the total volume and total value respectively.

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

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