Intraday Update: Nigerian Stocks Gain +0.11%, Buoyed by Blue Chips

Image Credit: InvestmentOne

May 9, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.11% 

Top Gainers and Losers: LEARNAFRCA (+10.00%), GUINEAINS (+9.68%), PZ (-9.94%) and SOVRENINS (-9.52%). 

Sector Performances: Banking (+1.65%), Consumer Goods (-0.55%), Oil & Gas and Industrial. 

Market activity: In today’s trade, total volume and value increased by 141% and 100%, when compared to this time yesterday, as investors have traded about 357 million units of shares worth N8.12 billion. 

NB (-4.17%) is the most traded stock by volume and value with about 232 million units of shares worth about N5.34 billion accounting for 65% and 66% of the total volume and value. 

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

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