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

Image Credit: InvestmentOne

August 2, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.27% 

Top Gainers and Losers: OANDO (+10.00%) OKOMUOIL (+10.00%), MECURE (-9.82%) and TANTALIZER (-6.52%). 

Sector Performances: Banking (+0.76%), Consumer Goods (+0.05%), Oil & Gas (-0.01%) and Industrial.  

Market activity: In today’s trade, total volume and value declined by 80% and 69% respectively, when compared to this time yesterday, as investors have traded about 89 million units of shares worth NGN1.90billion. 

UBA (+1.01%) is the most traded stock by volume with about 21 million units of shares accounting for 24% of the total volume. 

GUINNESS (+4.10%)  is the most traded stock by value worth about N599 million and accounting for 32% of the total 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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