Intraday Update: Nigerian Stocks Inch Up +0.26%, Buoyed by Blue Chips

Image Credit: InvestmentOne

November15, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.26%

Top Gainers and Losers: FLOURMILL (+10.00%), GUINEAINS (+8.89%), ELLAHLAKES (-4.57%) and UCAP (-3.67%).

Sector Performances: Oil & Gas (+1.25%), Consumer Goods (+0.60%), Banking (+0.36%) and Industrial (+0.22%).

Market activity: In today’s trade, total volume and value increased by 11% and 27% respectively, when compared to this time yesterday, as investors have traded about 131 million units of shares worth NGN3.86 billion. 

ZENITHBANK (+0.58%) is the most traded stock by volume and value with about 23 million units of shares worth about NGN999 million accounting for 18% and 26% of the total volume and value. 

Likely close: In the absence of any significant losses in the share prices of AIRTELAFRI, DANGCEM and MTNN, the market should close green.

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