Intraday Update: Nigerian Stocks Gain +0.15% Driven by Bellwether Counters

Image Credit: InvestmentOne

November 29, 2023/InvestmentOne Update

ASI as at 12.00pm: +0.15%

Top Gainers and Losers: MEYER (+9.79%), SUNUASSUR (+9.56%), OMATEK (-9.88%) and NEIMETH (-9.45%).

Sector Performances: Consumer Goods (+1.21%), Banking (-0.09%), Industrial and Oil & Gas.

Market activity: In today’s trade, total volume decreased by 28% while total value increased by 41%, when compared to this time yesterday, as investors have traded about 185 million units of shares worth N3.45 billion.

GTCO is the most traded stock by volume and value with about 44 million units of shares worth about N1.68 billion worth of shares accounting for 24% of the total volume and 49% of the total value..

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

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