Intraday Update: Nigerian Stocks Gain +2.03%, Driven by Blue Chips

Image Credit: InvestmentOne

February 14, 2024/InvestmentOne Update

ASI as at 12.00pm: +2.03%

Top Gainers and Losers: AIRTELAFRI (+10.00%), UNITYBNK (+9.55%), THOMASWY (-10.00%) and HONYFLOUR (-9.95%).

Sector Performances: Consumer Goods (+4.00%), Banking (+1.56%), Industrial (-1.40%) and Oil & Gas.

Market activity: In today’s trade, total volume and value increased by 60% and 310% respectively, when compared to this time yesterday, as investors have traded about 183 million units of shares worth N6.03 billion.

FBNH (+8.69%) is the most traded stock by volume with about 37 million units of shares accounting for 20% of the total volume.

GEREGU (+6.72%) is the most traded stock by value worth about N2.44 billion worth of shares accounting for 40% of the total value.

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

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