Intraday Update: Nigerian Stocks Gain +0.42%, Driven by Bellwether Counters

Image Credit: InvestmentOne

September 18, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.42%

Top Gainers and Losers: HONYFLOUR (+9.96%), MEYER (+9.95%), NNFM (-10.00%) and BERGER (-9.81%).

Sector Performances: Oil & Gas (+0.22%), Banking (-0.99%), Consumer Goods (-0.07%) and Banking (-0.02%).

Market activity: In today’s trade, total volume moderated by 14% while total value rose by 36% when compared to this time yesterday, as investors have traded about 184 million units of shares worth NGN3.82 billion. 

JAPAULGOLD (+3.86%) is the most traded stock by volume with about 55 million units of shares accounting for 30% of the total volume. 

GEREGU (+9.52%) is the most traded stock by value worth about N1.27 billion accounting for 33% of the total value.

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

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