Intraday Update: Nigerian Stocks Gain +0.02%, Buoyed by Bellwether Counters

Image Credit: InvestmentOne

June 7, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.02% 

Top Gainers and Losers: ETI (+8.41%),  CHAMS (+7.14%), PRESTIGE (-9.09%) and UNITYBNK (-8.00%). 

Sector Performances: Banking (+0.16%), Consumer Goods (+0.01%)Oil & Gas and Industrial. 

Market activity: In today’s trade, total volume and value increased by 27% and 55% respectively, when compared to this time yesterday, as investors have traded about 149 million units of shares worth N2.42 billion. 

OANDO (+6.76%) is the most traded stock by volume with about 28 million units of shares accounting for 19% of the total volume. 

NB (+0.36%)  is the most traded stock by value worth about N481 million and 20% of the total value. 

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

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