July 10, 2023/InvestmentOne Update

ASI as at 12.00pm: +2.50%

Top Gainers and Losers: AFRIPRUD (+10.00%), MRS (+10.00%), IKEJAHOTEL (-9.21%) and CHAMPION (-7.61%).

Sector Performances: Industrial (+5.22%), Banking (+3.03%), Oil and Gas (+1.30%), and Consumer Goods (+0.27%).

Market activity: In today’s trade, total volume and value increased by 192% and 345% respectively, compared to this time last week Friday, as investors have traded about 1 billion units of shares worth N13 billion.

FBNH (+9.85%) is the most traded stock by volume and value with about 142 million units of shares worth N3 billion accounting for 14% of the total volume and 23% of total value.

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