July 5, 2023/InvestmentOne Update

ASI as at 12.00pm: +1.20%

MARKET MOVER: BUACEMENT (+9.44%)

Top Gainers and Losers: LEARNAFRCA (+9.97%), OMATEK (+9.52%), LASACO (-10.00%) and MBENEFIT (-10.00%).

Sector Performances: Banking (+5.26%), Industrial (+3.69%), Oil and Gas (-0.50%) and Consumer Goods.

Market activity: In today’s trade, total volume and value decreased by 33% and 19% respectively, compared to this time yesterday, as investors have traded about 358 million units of shares worth N3.53 billion.

FCMB (-0.36%) is the most traded stock by volume with about 55 million units of shares accounting for 15% of the total volume.

ACCESSCORP (+5.54%) is the most traded stock by value with about N796 million worth of shares accounting for 23% of the total value. 

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