Intraday Update: Nigerian Stocks Inch Up +0.23% on Bellwether Gains

Image Credit: InvestmentOne

September 13, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.23%

Top Gainers and Losers: TIP (+10.00%), CAVERTON (+9.96%), NSLTECH (-10.00%) and CUSTODIAN (-8.45%).

Sector Performances: Banking (+1.89%), Consumer Goods (+0.10%), Industrial and Oil & Gas.

Market activity: In today’s trade, total volume and value declined by 44% and 48% respectively when compared to this time yesterday, as investors have traded about 127 million units of shares worth NGN2.22 billion. 

FBNH (+9.85%) is the most traded stock by volume and value with about 23 million units of shares worth about N645 million accounting for 18% and 29% of the total volume.

Likely close: Barring any significant decrease in the share prices of AIRTELAFRI, DANGCEM and MTNN, the market should close green.

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