Intraday Update: Nigerian Stocks Gains +0.22%, Driven by Blue Chips

Image Credit: InvestmentOne

August 7, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.22%

Top Gainers and Losers: OANDO (+9.98%), RTBRISCOE (+9.90%), NEIMETH (-9.23%) and SKYAVN (-3.57%). 

Sector Performances: Banking (+1.11%), Oil & Gas (+0.09%), Industrial (+0.03%), and Consumer Goods (-0.27%).  

Market activity: In today’s trade, total volume and value both advanced by 21% and 25% respectively, when compared to this time yesterday, as investors have traded about 248 million units of shares worth NGN3.45 billion. 

UCAP (+9.90%) is the most traded stock by volume and value with about 52 million units of shares worth N831 billion, accounting for 21% and 24% 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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