Intraday Update: Nigerian Stocks Gain +0.29% Driven by Blue Chips

November 6, 2023/InvestmentOne Update

ASI as at 12.00pm: +0.29%

Top Gainers and Losers: THOMASWY (+10.00%), CHAMS (+9.90%), CADBURY (-9.84%) and ABCTRANS (-9.30%).

Sector Performances: Industrial (+1.83%), Banking (+0.42%), Consumer Goods (-0.04%) and Oil & Gas.

Market activity: In today’s trade, total volume and value increased by 31% and 211%, compared to this time last week Friday, as investors have traded about 217 million units of shares worth N3.79 billion.

UBA (+0.24%) is the most traded stock by volume and value with about 93 million units of shares worth N1.90 billion accounting for 43% and 50% of the total volume and 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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