Intraday Update: NGXASI Gains +1.60% Buoyed by Bellwether Counters

Image Credit: InvestmentOne

July 21, 2023/InvestmentOne Update

ASI as at 12.00pm: +1.60%

Top Gainers and Losers: STERLINGNG (+10.00%), JAIZBANK (+10.00%), ACADEMY (-9.88%) and NSLTECH (-9.82%).

Sector Performances: Banking (+9.73%), Consumer Goods (+0.36%) Oil and Gas (+0.14%), and Industrial (-0.04%).

Market activity: In today’s trade, total volume and value increased by 372% and 332% respectively, compared to this time yesterday, as investors have traded about 463 million units of shares worth N6.83 billion.

UBA (+9.96%) is the most traded stock by volume with about 77 million units of shares accounting for 17% of the total volume.

ZENITHBANK (+9.91%) is the most traded stock by value with about N1.79 billion worth of shares accounting for 26% of the total value.

Likely close: Barring any significant losses in the prices of AIRTELAFRI, DANGCEM and MTNN, the market should close green.

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