Intraday Update: Nigerian Stocks Gain +0.25%, Buoyed by Bellwether Counters

Image Credit: InvestmentOne

September 30, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.25%

Top Gainers and Losers: NSLTECH (+10.00%), RTBRISCOE (+9.97%), ELLAHLAKES (-9.96%) and CAVERTON (-9.70%).

Sector Performances: Banking (+1.36%), Consumer Goods (-0.03%), Industrial (-0.01%) and Oil & Gas.

Market activity: In today’s trade, total volume and value surged by 1609% and 4801%, when compared to this time last trading day, as investors have traded about 1.47 billion units of shares worth NGN106.85 billion. 

GUINESS (+2.36%) is the most traded stock by volume and value with about 1.27 billion units of shares worth about N104 billion accounting for 86% and 97% of the total volume and value. 

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

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