Intraday Update: Nigerian Stocks Gain +0.37%, Driven by Bellwether Counters

Image Credit: InvestmentOne

September 12, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.37%

Top Gainers and Losers: CAVERTON (+10.00%), NESTLE (+9.88%), SOVRENINS (-8.96%) and UNIVINSURE (-7.69%).

Sector Performances: Banking (+1.26%), Consumer Goods (+1.19%), Industrial (+0.01%), and Oil & Gas (-0.04%).

Market activity: In today’s trade, total volume and value declined by 42% and 3% respectively when compared to this time yesterday, as investors have traded about 228 million units of shares worth NGN4.26 billion. 

ACCESSCORP (+0.54%) is the most traded stock by volume and value with about 74 million units of shares worth about N1.36 billion accounting for 32% and 32% of the total volume.

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

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