Intraday Update: Nigerian Stocks Inch Up +0.08%, Buoyed by Blue Chips

Image Credit: InvestmentOne

September 10, 2024/InvestmentOne Report

ASI as at 12.00pm: +0.08%

Top Gainers and Losers: RTBRISCOE (+9.93%), CAVERTON (+9.77%), LEARNAFRCA (-9.93%) and UNIVINSURE (-8.11%).

Sector Performances: Oil & Gas (+0.51%), Industrial (+0.01%), Consumer Goods (-0.18%) and Banking (-0.60%).

Market activity: In today’s trade, total volume declined by 53% while total value increased by 89% when compared to this time yesterday, as investors have traded about 196 million units of shares worth NGN8.73 billion. 

OANDO (+5.03%) is the most traded stock by volume and value with about 44 million units of shares worth about N4.22 billion accounting for 22% and 48% of the total volume.

Likely close: In the absence of any substantial losses in the share prices of AIRTELAFRI, DANGCEM and MTNN, the market should close in the green.

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