Intraday Update: Nigerian Stocks Gain +0.33%, Driven by Blue Chips

Image Credit: InvestmentOne

August 27, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.33%

Top Gainers and Losers: JOHNHOLT (+10.00%), JBERGER (+10.00%), UPL (-9.58%) and LINKASSURE (-5.00%).

Sector Performances: Banking (+1.09%), Oil & Gas (+0.79%), Consumer Goods (-0.11%) and Industrial (-0.01%).

Market activity: In today’s trade, total volume and value advanced by 28% and 133% respectively, when compared to this time yesterday, as investors have traded about 245 million units of shares worth NGN3.17 billion. 

VERITASKAP (+7.97%) is the most traded stock by volume with about 61 million units of shares accounting for 25% of the total volume. 

ACCESSCORP (+0.26%) is the most traded stock by value worth about N979 million accounting for 31% 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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