January 24, 2025/InvestmentOne Update

ASI as at 12.00pm: +0.15%

Top Gainers and Losers: CHELLARAM (+10.00%), PZ (+9.36%), SOVRENINS (-9.40%) and AUSTINLAZ (-9.00%).

Sector Performances: Banking (+0.74%), Consumer Goods (+0.08%), Industrial and Oil & Gas.

Market activity: In today’s trade, total volume advanced by 129% while total value declined by 53% when compared to this time yesterday, as investors have traded about 346 million units of shares worth NGN3.54 billion. 

NSLTECH (-2.47%) is the most traded stock by volume with about 200 million units of shares accounting for 58% of the total volume. 

NB is the most traded stock by value with about NGN1.16 billion worth of shares accounting for 33% of the total value. 

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