Intraday Update: Nigerian Stocks Gain +0.14%, Driven by Bellwether Counters

Image Credit: InvestmentOne

March 5, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.14%

Top Gainers and Losers: TRANSCORP (+10.00%), TRANSPOWER (+10.00%), INTBREW (-10.00%) and MAYBAKER (-9.93%).

Sector Performances: Industrial (+0.01%), Consumer goods (-0.57%), Banking (-0.27%) and Oil & Gas.

Market activity: In today’s trade, total volume decreased by 35% while total value increased by 218%, when compared to this time last Friday, as investors have traded about 172 million units of shares worth N21.36 billion.

TRANSPOWER (+10.00%) is the most traded stock by volume and value with about 66 million units of shares worth about N19.10 billion accounting for 38% of the total value and 89% of the total volume.

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

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