Intraday Update: Nigerian Equities Gain +0.08%, Driven by Blue Chips

Image Credit: InvestmentOne

February 28, 2025/InvestmentOne Update

ASI as at 12.00pm: +0.08%

Top Gainers and Losers: OANDO (+9.94%), CAVERTON (+9.67%), UNIVINSURE (-7.58%) and FTNCOCOA (-5.06%).

Sector Performances: Oil & Gas (+0.95%), Banking (+0.15%), Industrial (-0.43%) and Consumer Goods (-0.10%).

Market activity: In today’s trade, total volume declined by 6% while total value increased by 68% when compared to this time yesterday, as investors have traded about 202 million units of shares worth NGN7.15 billion. 

ZENITHBANK (+0.52%) is the most traded stock by volume and value with about 85 million units of shares worth about NGN4.10 billion accounting for 42% of the total volume and 57% of the total value respectively. 

Likely close: In the absence of any material decrease in the share prices of AIRTELAFRI, DANGCEM and MTNN, the market should close green.

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