Intraday Update: Nigerian Stocks Gain +0.10%, Driven by Blue Chips

Image Credit: InvestmentOne

August 30, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.10%

Top Gainers and Losers: DEAPCAP (+10.00%), MCNICHOLS (+9.93%), ETERNA (-8.81%) and CAVERTON (-6.99%).

Sector Performances: Oil & Gas (+2.52%), Banking (+0.43%), Industrial (+0.01%) and Consumer Goods (-0.47%).

Market activity: In today’s trade, total volume declined by 47%, while total value surged by 913%, when compared to this time yesterday, as investors have traded about 362 million units of shares worth NGN26.33 billion. 

JBERGER (-1.22%) is the most traded stock by volume and value with about 121 million units of shares worth about N19.60 billion accounting for 33% and 74% 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.

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