Intraday Update: NGXASI Gains +0.04%, Driven by Blue Chips

Image Credit: InvestmentOne

August 20, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.04%

Top Gainers and Losers: OANDO (+9.90%), CUTIX (+9.85%), THOMASWY (-9.71%) and GUINEAINS (-5.00%).

Sector Performances: Industrial (+0.02%), Banking (-0.33%), Oil & Gas (-0.11%) and Consumer Goods (-0.06%).

Market activity: In today’s trade, total volume and value increased by 392% and 53% respectively when compared to this time yesterday, as investors have traded about 783 million units of shares worth NGN3.59 billion. 

JAIZBANK (+0.92%) is the most traded stock by both volume and value with about 645 million units of shares worth N1.48 billion, accounting for 82% and 41% 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 positive.

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