Intraday Update: Nigerian Stocks Gain +0.09% on Blue Chips Interest

Image Credit: InvestmentOne

May 31, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.09% 

Top Gainers and Losers: UPDC (+9.84%), SOVRENINS (+9.76%), CHAMS (-4.46%) and HONYFLOUR (-3.23%). 

Sector Performances: Banking (+0.26%), Consumer Goods (-0.01%), Industrial and Oil & Gas. 

Market activity: In today’s trade, total volume and value both increased by 75% and 147% respectively, when compared to this time yesterday, as investors have traded about 243 million units of shares worth N5.43 billion. 

ZENITHBANK (+1.97%) is the most traded stock by volume and value with about 107 million units of shares worth about N3.60 billion accounting for 44% and 66% 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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