Intraday Update: Nigerian Stocks Gain +1.69% Driven by Blue Chips

Image Credit: InvestmentOne

January 5, 2024/InvestmentOne Update

ASI as at 12.00pm: +1.69%

Top Gainers and Losers: TRANSCORP (+9.99%), WEMABANK (+9.99%), SCOA (-9.94%) and CONHALLPLC (-9.46%).

Sector Performances: Banking (+2.15%), Industrial (+0.90%), Consumer Goods (-0.64%) and Oil & Gas.

Market activity: In today’s trade, total volume declined by 8% while total value increased by 11%, respectively compared to this time yesterday, as investors have traded about 438 million units of shares worth N5.45 billion.

FIDELITYBK (+5.99%) is the most traded stock by volume and value with about 57 million units of shares worth N802 million accounting for 13% and 15% of the total volume and value.

Likely close: In the absence of any substantial decrease in the share prices of AIRTELAFRI, DANGCEM and MTNN, the market should close green.

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