Intraday Update: Nigerian Stocks Gains +0.12%, Buoyed by Bellwether Counters

Image Credit: InvestmentOne

October 4, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.12%

Top Gainers and Losers: ELLAHLAKES (+9.88%), ABCTRANS (+9.82%), REGALINS (-10.00%) and NEIMETH (-8.16%).

Sector Performances: Banking (+0.21%), Industrial (+0.10%), Consumer Goods (-0.02%) and Oil & Gas.

Market activity: In today’s trade, total volume and value declined by 44% and 43%, when compared to this time yesterday, as investors have traded about 156 million units of shares worth NGN2.28 billion. 

WAPCO (+1.79%) is the most traded stock by volume and value with about 16 million units of shares worth about N607 million accounting for 10% and 27% 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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