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

Image Credit: InvestmentOne

December 11, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.04%

Top Gainers and Losers: CONOIL (+10.00%), RTBRISCOE (+10.00%), JBERGER (-10.00%) and ABCTRANS (-8.80%).

Sector Performances: Oil & Gas (+2.56%), Industrial (+0.15%), Banking (-0.09%) and Consumer Goods (-0.03%).

Market activity: In today’s trade, total volume and value declined by 86% and 68% respectively, when compared to this time yesterday, as investors have traded about 100 million units of shares worth NGN2.30 billion. 

UNIVINSURE is the most traded stock by volume with about 20 million units of shares accounting for 20% of the total volume. 

ZENITHBANK (+0.11%) is the most traded stock by value with about NGN604 million worth of shares accounting for 26% of the total value. 

Likely close: In the absence of any major decline in the share prices of AIRTELAFRI, DANGCEM and MTNN, the market should close positive.

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