Intraday Update: Nigerian Stocks Inch Up +0.07%, Buoyed by Blue Chips

Image Credit: InvestmentOne

October 23, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.07%

Top Gainers and Losers: REGALINS (+9.62%)ABBEYBDS (+7.55%), NNFM (-9.93%) and CHAMPION (-6.10%).

Sector Performances: Industrial (+0.01%), Oil & Gas (-0.02%), Consumer Goods (-0.02%) and Banking (-0.01%).

Market activity: In today’s trade, total volume and value decreased by 74% and 86% respectively, when compared to this time yesterday, as investors have traded about 90 million units of shares worth NGN2.80 billion. 

NB is the most traded stock by volume and value with about 32 million units of shares worth about N886 million accounting for 36% and 32% 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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