Intraday Update: NGXASI Gains +0.41%, Buoyed by Bellwether Counters

Image Credit: InvestmentOne

March 13, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.41%

Top Gainers and Losers: ETI(+10.00%)JBERGER (+10.00%)CONOIL (-9.96%) and SUNUASSUR (-9.62%).

Sector Performances: Banking (+2.09%), Industrial (+0.02%), Consumer goods (+0.01%) and Oil & Gas.

Market activity: In today’s trade, total volume and value declined by 45% and 31% when compared to this time yesterday, as investors have traded about 127 million units of shares worth N3.94 billion.

NESTLE(+0.00%), is the most traded stock by value worth about N1.5 billion accounting for 40% of the total value.

UNITYBNK(-5.97%) is the most traded stock by volume value with about 16 million units of shares accounting for 13% of the total volume.

Likely close: In the absence of any significant Increase in the share prices of AIRTELAFRIDANGCEM and MTNN, the market should close positive.

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