Intraday Update: Nigerian Stocks Inch Up +0.26% on Bellwether Gains

Image Credit: InvestmentOne

August 29, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.26%

Top Gainers and Losers: INTBREW (+10.00%), OANDO (+9.98%), SCOA (-9.79%) and SOVRENINS (-8.20%).

Sector Performances: Consumer Goods (+1.43%), Oil & Gas (+0.41%), Banking (-0.49%) and Industrial (-0.01%).

Market activity: In today’s trade, total volume advanced by 176%, while total value declined by 18%, when compared to this time yesterday, as investors have traded about 677 million units of shares worth NGN2.60 billion. 

CONHALLPLC (+1.45%) is the most traded stock by volume and value with about 501 million units of shares worth about N666 million accounting for 74% and 26% of the total volume. 

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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