Intraday Update: Nigerian Stocks Gain +0.06%, Driven by Bellwether Counters

July 31, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.06%

Top Gainers and Losers: UPL (+10.00%) IMG (+10.00%), PZ (-9.85%) and CONHALLPLC (-9.72%). 

Sector Performances: Banking (+0.55%), Oil & Gas (+0.04%), Consumer Goods (-0.49%) and Industrial (-0.01%).  

Market activity: In today’s trade, total volume and value rose by 1,030% and 633% respectively, when compared to this time yesterday, as investors have traded about 1.56 billion units of shares worth N17.75 billion. 

FIDELITYBK (+0.48%) is the most traded stock by volume and value with about 1.30 billion units of shares worth about N13.90 billion accounting for 83% and 78% of the total volume and value.      

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

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