Intraday Update: Nigerian Stocks Gain +0.32%, Driven by Blue Chips

Image Credit: InvestmentOne

August 9, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.32% 

Top Gainers and Losers: JBERGER (+10.00%), MECURE (+9.94%), CUSTODIAN (-9.77%) and DAARCOMM (-9.09%). 

Sector Performances: Banking (+1.06%), Oil & Gas (+0.51%), Industrial, and Consumer Goods.  

Market activity: In today’s trade, total volume, and value both decreased by 42% and 48% respectively, when compared to this time yesterday, as investors have traded about 128 million units of shares worth NGN1.97 billion. 

VERITASKAP (+9.73%) is the most traded stock by volume with about 18 million units of shares accounting for 18% of the total volume. 

GTCO is the most traded stock by value worth about NGN485 million accounting for 24% of the total 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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