Intraday Update: Nigerian Stocks Gain +0.13%, Driven by Blue Chips

Image Credit: InvestmentOne

February 26, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.13%

Top Gainers and Losers: GUINEAINS (+10.00%), NASCON (+10.00%), MANSARD (-10.00%) and SUNUASSUR (-9.57%).

Sector Performances: Banking (+2.02%), Consumer Goods (+0.20%), Industrial and Oil & Gas.

Market activity: In today’s trade, total volume and value increased by 37% and 26% respectively, when compared to this time Friday, as investors have traded about 104 million units of shares worth N2.41 billion.

FBNH (+10.00%) is the most traded stock by volume and value with about 36 million units of shares worth about N1.16 billion accounting for 35% and 4% of the total volume and value, respectively.

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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