Intraday Update: Nigerian Stocks Inch Up +0.17%, Buoyed by Bellwether Counters

June 19, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.17% 

Top Gainers and Losers: GUINNESS (+9.96%), CHAMPION (+9.83%), CAVERTON (-9.62%) and ABCTRANS (-9.52%). 

Sector Performances: Banking (+0.65%), Consumer Goods (+0.17%), Oil & Gas (+0.08%) and Industrial. 

Market activity: In today’s trade, total volume and value decreased by 85% and 94% respectively, when compared to this time last week Friday, as investors have traded about 154 million units of shares worth N1.45 billion. 

VERITASKAP (+9.46%) is the most traded stock by volume with about 51 million units of shares accounting for 33% of the total volume. 

MTNN is the most traded stock by value worth about N225 million and 15% 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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