Intraday Update: Nigerian Stocks Inch Up +0.27%, Buoyed by Blue Chips

Image Credit: InvestmentOne

January 3, 2025/InvestmentOne Update

ASI as at 12.00pm: +0.27%

Top Gainers and Losers: ABBEYBDS (+10.00%), NEM (+10.00%), INTBREW (-5.45%) and JOHNHOLT (-3.72%).

Sector Performances: Banking (+0.85%), Oil & Gas (+0.11%), Industrial (+0.02%) and Consumer Goods (-0.37%).

Market activity: In today’s trade, total volume and value rose by 29% and 40% respectively, when compared to this time yesterday, as investors have traded about 396 million units of shares worth NGN3.01 billion. 

ABBEYBDS (+10.00%) is the most traded stock by volume with about 50 million units of shares accounting for 13% of the total volume. 

OANDO (+0.61%) is the most traded stock by value with about NGN248 million worth of shares accounting for 8% of the total value. 

Likely close: Barring any significant decline in the share prices of AIRTELAFRI, DANGCEM and MTNN, the market should close positive.

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