Intraday Update: Nigerian Stocks Gain +0.16% Driven by Bellwether Counters

Image Credit: InvestmentOne

October 24, 2023/InvestmentOne Update

ASI as at 12.00pm: 0.16%

Top Gainers and Losers: UPL (+9.81%), THOMASWY (+9.77%), VFDGROUP (-9.98%) and RTBRISCOE (-9.62%).

Sector Performances: Consumer Goods (+0.79%), Banking (+0.20%), Industrial and Oil and Gas.

Market activity: In today’s trade, total volume and value advanced by 67% and 274% respectively, compared to this time yesterday, as investors have traded about 102 million units of shares worth N2.62 billion.

FIDELITYBK (+1.23%) is the most traded stock by volume with about 16 million units of shares accounting for 16% of the total volume.

GTCO (+0.14%) is the most traded stock by value with about N419 million worth of shares accounting for 16% of the total value.

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

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