Intraday Update: NGXASI Gains +0.14% Driven by Blue Chip Stocks

Nigerian Stock Exchange Trading Floor. Image Credit: NGX

December 15, 2023/InvestmentOne Update

ASI as at 12.00pm: +0.14%

Top Gainers and Losers: JOHNHOLT (+9.85%), UPDCREIT (+9.64%), TIP (-9.32%) and CHAMS (-4.76%).

Sector Performances: Oil & Gas (+0.94%), Consumer Goods (+0.28%), Banking (-0.49%) and Industrial.

Market activity: In today’s trade, total volume and value declined by 30% and 7% respectively when compared to this time yesterday, as investors have traded about 134 million units of shares worth N3.10 billion.

GTCO (-0.25%) is the most traded stock by volume and value with about 35 million units of shares worth N1.39 billion accounting for 26% and 45% of the total volume and value.

Likely close: In the absence of any significant decline in the share prices of AIRTELAFRI, DANGCEM and MTNN, the market should close in the green zone

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