Intraday Update: Nigerian Stocks Inch Up+0.16%, Driven by Blue Chips

Image Credit: InvestmentOne

May 10, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.16% 

Top Gainers and Losers: GUINEAINS (+9.68%), HONYFLOUR (+9.63%), DEAPCAP (-10.00%) and ROYALEX (-9.52%). 

Sector Performances: Banking (+1.25%), Consumer Goods (+0.03%), Industrial (+0.01%) and Oil & Gas. 

Market activity: In today’s trade, total volume and value decreased by 67% and 59%, when compared to this time yesterday, as investors have traded about 117 million units of shares worth N3.35 billion. 

UBA (+3.25%) is the most traded stock by volume and value with about 37 million units of shares worth about N986 million accounting for 32% and 29% 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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