Intraday Update: Nigerian Stocks Inch Up +0.16%, Buoyed by Blue Chips

Image Credit: InvestmentOne

June 28, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.16% 

Top Gainers and Losers:  UCAP (+9.96%), LASACO (+9.91%), CAVERTON (-7.80%) and REGALINS (-6.98%). 

Sector Performances: Banking (+0.20%), Consumer Goods (-0.83%), Industrial and Oil & Gas. 

Market activity: In today’s trade, total volume and value increased by 64% and 98% respectively, when compared to this time yesterday, as investors have traded about 300 million units of shares worth N7.20 billion. 

TRANSCORP (+2.00%) is the most traded stock by volume with about 97 million units of shares accounting for 26% of the total volume. 

GUINNESS (-4.29%)  is the most traded stock by value worth about N2.84 billion and accounting for 39% of the total value.

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

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