Intraday Update: Nigerian Stocks Advance +0.44% Driven by Blue-Chips

Image Credit: InvestmentOne

November 27, 2023/InvestmentOne Update

ASI as at 12.00pm: +0.44%

Top Gainers and Losers: JOHNHOLT (+10.00%), FBNH (+10.00%), UNITYBNK (-9.78%) and OMATEK (-9.09%).

Sector Performances: Banking (+2.73%), Consumer Goods (+0.19%), Industrial (+0.02%) and Oil & Gas.

Market activity: In today’s trade, total volume and value increased by 13% and 50% respectively, when compared to this time yesterday, as investors have traded about 345 million units of shares worth N1.78 billion.

UNIVINSURE (+3.57%) is the most traded stock by volume with about 123 million units of shares accounting for 36% of the total volume.

ACCESSCORP (+5.76%) is the most traded stock by value worth about N569 million worth of shares accounting for 32% 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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