Intraday Update: Nigerian Stocks Gain +0.20%, Driven by Blue Chips

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May 28, 2024/InvestmentOne Report

ASI as at 12.00pm: +0.20% 

Top Gainers and Losers: DANGSUGAR (+10.00%), TRANSCORP (+10.00%), WAPCO (-4.86%) and AFRIPRUD (-4.32%). 

Sector Performances: Consumer Goods (+0.73%), Banking (+0.63%), Industrial (-0.15%) and Oil & Gas. 

Market activity: In today’s trade, total volume and value both advanced by 14% and 68% respectively, when compared to this time yesterday, as investors have traded about 72 million units of shares worth N1.19 billion. 

ACCESSCORP (+0.29%) is the most traded stock by volume with about 9 million units of shares accounting for 13% of the total volume.

ZENITHBANK (+0.65%) is the most traded stock by value worth about N194 million accounting for 16% of the total value. 

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

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