Intraday Update: Nigerian Stocks Gain +0.24%, Driven by Bellwether Counters

Image Credit: InvestmentOne

May 30, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.04% 

Top Gainers and Losers: INTENEGINS (+10.00%), CONHALLPLC (+9.84%), SUNUASSUR (-9.60%) and UNIVINSURE (-8.57%). 

Sector Performances: Banking (+0.99%), Consumer Goods (+0.03%), Industrial (+0.01%) and Oil & Gas. 

Market activity: In today’s trade, total volume and value both increased by 51% and 49% respectively, when compared to this time yesterday, as investors have traded about 140 million units of shares worth N2.20 billion. 

ACCESSCORP (+0.29%) is the most traded stock by volume and value with about 41 million units of shares worth about N703 Million accounting for 29% and 32% of the total volume and value. 

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

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