Intraday Update: Nigerian Stocks Gain +0.29%, Buoyed by Bellwether Counters

Image Credit: InvestmentOne

September 2, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.29%

Top Gainers and Losers: OANDO (+9.95%), IMG (+9.85%), RTBRISCOE (-9.86%) and WAPIC (-9.41%).

Sector Performances: Oil & Gas (+1.97%), Banking (+1.49%), Industrial (+0.06%) and Consumer Goods (+0.03%).

Market activity: In today’s trade, total volume declined by 63%, while total value advanced by 130%, when compared to this time Friday, as investors have traded about 252 million units of shares worth NGN5.99 billion. 

UBA (+4.14%) is the most traded stock by volume with about 37 million units of shares accounting for 15% of the total volume. 

OANDO (+9.95%) is the most traded stock by value worth about N2.05 billion accounting for 34% 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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