Intraday Update: Nigerian Stocks Advance +0.42% on Blue Chips Interest

Image Credit: InvestmentOne

May 3, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.42% 

Top Gainers and Losers: PRESCO (+9.96%), ELLAHLAKES (+9.93%), TANTALIZER (-10.00%) and NASCON (-9.94%). 

Sector Performances: Banking (+3.65%), Consumer Goods (+0.08%),  Oil & Gas, and Industrial. 

Market activity: In today’s trade, total volume and value both advanced by 18% and 1% respectively, when compared to this time in the last trading day, as investors have traded about 148 million units of shares worth N2.22 billion. 

ACCESSCORP (+1.71%) is the most traded stock by volume and value with about 28 million units of shares worth about N505 million accounting for 19% and 23% 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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