Intraday Update: Nigerian Stocks Gain +0.41%, Buoyed by Blue Chips

Image Credit: InvestmentOne

August 19, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.41%

Top Gainers and Losers: CUTIX (+10.00%), SOVRENINS (+10.00%), INTBREW (-9.89%) and AFRIPRUD (-9.68%).

Sector Performances: Industrial (+1.15%), Banking (+0.45%), Oil & Gas (+0.11%) and Consumer Goods (-0.18%).

Market activity: In today’s trade, total volume and value advanced by 85% and 45% respectively when compared to this time last Friday, as investors have traded about 159 million units of shares worth NGN2.34 billion. 

WEMABANK (+6.67%) is the most traded stock by volume with about 20 million units of shares accounting for 13% of the total volume. 

GTCO (+0.54%)  is the most traded stock by value worth about N359 million accounting for 15% of the total 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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