Intraday Update: Nigerian Stocks Gain +0.57%, Driven by Blue Chips

Image Credit: InvestmentOne

March 11, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.57%

Top Gainers and Losers: NASCON (+9.92%), ELLAHLAKES (+9.67%), LASACO (-9.83%) and RTBRISCOE (-8.16%).

Sector Performances: Banking (+1.50%), Consumer goods (+1.02%), Industrial (+0.11%) and Oil & Gas.

Market activity: In today’s trade, total volume and value declined by 3% and 56% when compared to this time last trading day, as investors have traded about 155 million units of shares worth N5.80 billion.

GTCO (+0.97%) is the most traded stock by volume and value with about 40 million units of shares worth about N1.67 billion accounting for 26% and 29% of the total volume and value.

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

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