Intraday Update: Nigerian Stocks Inch Up +0.04%, Drive by Blue Chips

Image Credit: InvestmentOne

November 18, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.04%

Top Gainers and Losers: JOHNHOLT (+9.97%), BETAGLAS (+9.92%), TIP (-9.09%) and SUNUASSUR (-7.35%).

Sector Performances: Industrial (+0.19%), Banking (-0.15%), Oil & Gas (-0.11%) and Consumer Goods (-0.09%).

Market activity: In today’s trade, total volume and value decreased by 21% and 55% respectively, when compared to this time last trading day, as investors have traded about 103 million units of shares worth NGN1.72 billion. 

CONHALLPLC (+8.51%) is the most traded stock by volume with about 25 million units of shares accounting for 25% of the total volume. 

OANDO (+2.15%) is the most traded stock by value with about NGN313 million worth of shares accounting for 18% of the total 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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