Intraday Update: Nigerian Stocks Inch Up +0.09%, Driven by Bellwether Counters

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August 6, 2024/InvestmentOne Report

ASI as at 12.00pm: +0.09% 

Top Gainers and Losers: ACADEMY (+10.00%), OANDO (+9.89%), RTBRISCOE (-8.70%) and VERITASKAP (-6.74%). 

Sector Performances: Consumer Goods (+0.07%), Oil & Gas (+0.01%), Banking (-0.02%)and Industrial (-0.16%).  

Market activity: In today’s trade, total volume increased by 89% while total value declined by 38%, when compared to this time yesterday, as investors have traded about 205 million units of shares worth NGN2.76billion. 

OANDO (+9.89%) is the most traded stock by volume and value with about 34 million units of shares worth about N1.04 billion accounting for 83% and 78% of the total volume and value.      

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

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