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

Image Credit: InvestmentOne

October 22, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.04%

Top Gainers and Losers: WAPIC (+9.09%)OMATEK (+7.94%), TANTALIZER (-9.84%) and ELLAHLAKES (-4.48%).

Sector Performances: Oil & Gas (+0.60%), Banking (+0.26%), Consumer Goods (+0.15%) and Industrial.

Market activity: In today’s trade, total volume and value increased by 255% and 852% respectively, when compared to this time yesterday, as investors have traded about 344 million units of shares worth NGN20.10 billion. 

CHAMPION (+5.87%) is the most traded stock by volume with about 253 million units of shares accounting for 74% of the total volume. 

SEPLAT is the most traded stock by value with about NGN17.87 billion worth of shares accounting for 89% of the total 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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