Intraday Update: Nigerian Stocks Inch Up +0.09%, Driven by Blue Chips

Image Credit: InvestmentOne

June 21, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.09% 

Top Gainers and Losers: CADBURY (+10.00%), THOMASWY (+9.95%), CUTIX (-8.75%) and RTBRISCOE (-7.46%). 

Sector Performances: Banking (+0.30%), Consumer Goods (+0.19%), Industrial (-0.01%) and Oil & Gas. 

Market activity: In today’s trade, total volume and value decreased by 39% and 49% respectively, when compared to this time yesterday, as investors have traded about 421 million units of shares worth N7.42 billion. 

FBNH (+2.28%) is the most traded stock by volume with about 193 million units of shares worth about N4.25 billion accounting for 46% of the total volume and 57% of the total value.    

Likely close: Barring any significant decline in the share prices of AIRTELAFRI, DANGCEM and MTNN, the market should close green.

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