January 6, 2024/InvestmentOne Update

ASI as at 12.00pm: +0.13%

Top Gainers and Losers: DAARCOMM (+10.00%), RTBRISCOE (+10.00%), IKEJAHOTEL (-9.69%) and CAVERTON (-9.64%).

Sector Performances: Banking (+0.49%), Consumer Goods (+0.10%), Oil & Gas (+0.08%) and Industrial.

Market activity: In today’s trade, total volume and value rose by 19% and 112% respectively, when compared to this time last Friday, as investors have traded about 472 million units of shares worth NGN6.37 billion. 

CHAMS (+5.19%) is the most traded stock by volume with about 56 million units of shares accounting for 12% of the total volume. 

GTCO is the most traded stock by value with about NGN2.94 billion worth of shares accounting for 46% of the total value. 

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