Intraday Update: Nigerian Stocks Inch Up +0.12%, Buoyed by Bellwether Counters

Image Credit: InvestmentOne

August 23, 2024/InvestmentOne Report

ASI as at 12.00pm: +0.12%

Top Gainers and Losers: OANDO (+10.00%), DEAPCAP (+9.80%), GUINEAINS (-9.76%) and TIP (-9.33%).

Sector Performances: Oil & Gas (+0.39%), Banking (+0.10%), Consumer Goods (-0.48%) and Industrial.

Market activity: In today’s trade, total volume and value declined by 12% and 13% respectively when compared to this time yesterday, as investors have traded about 107 million units of shares worth NGN1.89 billion. 

UCAP (+3.56%) is the most traded stock by volume with about 12 million units of shares accounting for 11% of the total volume. 

OANDO (+10.00%) is the most traded stock by value worth about N389 million accounting for 21% of the total 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.

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