Intraday Update: Nigerian Stocks Gain +0.04%, Buoyed by Blue Chips

Image Credit: InvestmentOne

October 9, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.04%

Top Gainers and Losers: LASACO (+10.00%), JBERGER (+9.33%), ETERNA (-8.52%) and SOVRENINS (-6.45%).

Sector Performances: Consumer Goods (+0.01%), Banking (-0.14%), Industrial and Oil & Gas.

Market activity: In today’s trade, total volume decreased by 74% and 13% respectively, when compared to this time yesterday, as investors have traded about 136 million units of shares worth NGN2.19 billion. 

FIDELITYBK (-0.33%) is the most traded stock by volume and value with about 32 million units of shares worth about N470 million accounting for 24% and 21% of the total volume and value. 

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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