Intraday Update: Nigerian Stocks Gain +0.03%, Driven by Blue Chips

Image Credit: InvestmentOne

August 16, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.03%

Top Gainers and Losers: OANDO (+9.97%), RTBRISCOE (+9.68%), DEAPCAP (-8.51%) and GUINEAINS (-7.50%).

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

Market activity: In today’s trade, total volume decreased by 16% while total value increased by 33% when compared to this time yesterday, as investors have traded about 86 million units of shares worth NGN1.61 billion. 

OANDO (+9.97%) is the most traded stock by volume and value with about 27 million units of shares worth N863 million, accounting for 31% and 53% of the total volume and value.

Likely close: In the absence of any significant losses in the share prices of AIRTELAFRI, DANGCEM and MTNN, the market should close green.

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