Intraday Update: Nigerian Stocks Gain +0.75% Buoyed by Blue Chips

Image Credit: InvestmentOne

January 11, 2024/investmentOne Update

ASI as at 12.00pm: +0.75%

Top Gainers and Losers: CILEASING (+9.95%), ETERNA (+9.66%) and UPDC (-10.00%), UPDCREIT (-10.00%).

Sector Performances: Banking (+2.14%), Oil & Gas (+0.37%), Industrial (+0.03%) and Consumer Goods (-0.16%).

Market activity: In today’s trade, total volume and value moderated by 59% and 63% respectively when compared to this time yesterday, as investors have traded about 381 million units of shares worth N5.45 billion.

TRANSCORP (+2.72%) is the most traded stock by volume with about 45 million units of shares accounting for 12% of the total volume.

UBA (+7.33%) is the most traded stock by value worth about N1.13 billion worth of shares accounting for 8% of the total 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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