January 22, 2024/InvestmentOne Update
ASI as at 12.00pm: +1.42%
Top Gainers and Losers: DANGCEM (+9.99%), ETERNA (+9.80%), CADBURY (-10.00%) and FLOURMILL (-10.00%).
Sector Performances: Industrial (+5.26%), Oil & Gas (+0.55%), Consumer Goods (-1.19%) and Banking (-0.90%).
Market activity: In today’s trade, total volume and value increased by 3% and 28% respectively, when compared to this time yesterday, as investors have traded about 318 million units of shares worth N6.76 billion.
TRANSCORP (-1.34%) is the most traded stock by volume with about 37 million units of shares accounting for 12% of the total volume.
NESTLE (-7.19%) is the most traded stock by value worth about N1.94 billion worth of shares accounting for 29% of the total value.
Likely close: In the absence of any significant downward movement in the share prices of AIRTELAFRI, DANGCEM and MTNN, the market should close positive.
