Intraday Update: Nigerian Equities Market Gains +1.53% Driven by Blue-Chip Stocks

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

October 31, 2023/InvestmentOne Update

ASI as at 12.00pm: +1.53%

Top Gainers and Losers: AIRTELAFRI (+10.00%), NNFM (+9.92%), BETAGLAS (-9.93%) and UPL (-9.79%).

Sector Performances: Industrial (+0.29%), Banking (+0.13%), Consumer Goods (-0.04%) and Oil & Gas.

Market activity: In today’s trade, total volume increased by 69%, while total value decreased by 10%, compared to this time last trading day, as investors have traded about 243 million units of shares worth N2.51 billion.

JAPAULGOLD (+9.26%) is the most traded stock by volume with about 110 million units of shares accounting for 45% of the total volume.

GTCO (+0.14%) is the most traded stock by value with about N435 million worth of shares accounting for 17% of the total value.

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

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