Intraday Update: Nigerian Stocks Inch Up +0.05%, Buoyed by Blue Chips

Image Credit: InvestmentOne

August 22, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.05%

Top Gainers and Losers: ACADEMY (+10.00%), RTBRISCOE (+9.78%), THOMASWY (-8.88%) and INTENEGINS (-7.64%).

Sector Performances: Oil & Gas (+0.10%), Banking (-0.44%), Consumer Goods (-0.32%) and Industrial.

Market activity: In today’s trade, total volume and value moderated by 27% and 38% respectively when compared to this time yesterday, as investors have traded about 122 million units of shares worth NGN2.17 billion. 

OANDO (+8.76%) is the most traded stock by both volume and value with about 19 million units of shares worth N826 million, accounting for 16% and 38% of the total volume and value.

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

Leave a Comment

Your email address will not be published. Required fields are marked *

*