Intraday Update: Nigerian Stocks Gain +0.38%, Buoyed by Blue Chips

Image Credit: InvestmentOne

May 2, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.38% 

Top Gainers and Losers: FLOURMILL (+10.00%), PRESCO (+10.00%), NASCON (-9.99%) and UPL (-9.29%). 

Sector Performances: Banking (+2.24%), Consumer Goods (+0.61%),  Oil & Gas, and Industrial. 

Market activity: In today’s trade, total volume and value both declined by 22% and 39% respectively, when compared to this time in the last trading day, as investors have traded about 125 million units of shares worth N2.20 billion. 

NB (+0.59%) is the most traded stock by volume and value with about 31 million units of shares worth about N786 million accounting for 25% and 35% of the total volume and value. 

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

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