Intraday Update: Nigerian Stocks Gain +0.27%, Buoyed by Blue Chips

Image Credit: InvestmentOne

July 12, 2024/InvestmentOne Update

ASI as at 12.00pm: 0.27% 

Top Gainers and Losers:  CUTIX (+10.0%), LEARNAFRICA (+10.00), STERLINGNG (-10.00%)  and  AIICO (-4.46%). 

Sector Performances: Oil & Gas (+3.26%), Industrial (+0.01%), Consumer Goods (+0.03%) and Banking (-0.17%).  

Market activity: In today’s trade, total volume increased by 57% while total value decreased by 33%, when compared to the last trading day, as investors have traded about 137 million units of shares worth N1.71 billion. 

FIDELITYBK (+0.48%) is the most traded stock by volume and value with about 57 million units of shares worth about N596 million accounting for 42% and 35% of the total volume and value.      

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

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