Intraday Update: NGXASI Gains +0.27% Driven by Bellwether Counters

Image Credit: InvestmentOne

October 17, 2023/InvestmentOne Update

ASI as at 12.00pm: +0.27%

Top Gainers and Losers: JBERGER (+10.00%), THOMASWY (+9.29%), ETRANZACT (-6.67%) and ETERNA (-5.84%).

Sector Performances: Banking (+2.42%), Consumer Goods (+0.22%), Industrial and Oil and Gas.

Market activity: In today’s trade, total volume and value increased by 171% and 176% respectively, compared to this time yesterday, as investors have traded about 179 million units of shares worth N2.29 billion.

ETRANZACT (-6.67%) is the most traded stock by volume with about 44 million units of shares accounting for 25% of the total volume.

UBA (+5.85%) is the most traded stock by value with about N440 million worth of shares accounting for 19% of the total value.

Likely close: In the absence of any significant downturn in the prices of AIRTELAFRI, DANGCEM and MTNN, the market should close on green.

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