Intraday Update: Nigerian Stocks Inch Up +0.07% Buoyed by Blue Chips

January 18, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.07%

Top Gainers and Losers: CONOIL (+10.00%), ETERNA (+10.00%), PRESTIGE (-9.37%) and DAARCOMM (-9.09%).

Sector Performances: Oil & Gas (+2.69%), Consumer Goods (+1.35%), Banking (-1.65%) and Industrial.

Market activity: In today’s trade, total volume and value decreased by 26% and 15% respectively when compared to this time yesterday, as investors have traded about 516 million units of shares worth N6 billion.

TRANSCORP (+8.89%) is the most traded stock by volume and value with about 87 million units of shares worth about N1.63 billion worth of shares accounting for 17% and 27% of the total volume and value.

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

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