Intraday Update: Nigerian Stocks Inch Up +0.05%, Buoyed by Blue Chips

Image Credit: InvestmentOne

April 9, 2025/InvestmentOne Update

ASI as at 12.00pm: +0.05%

Top Gainers and Losers: LIVESTOCK (+10.00%), OANDO (+10.00%), VFDGROUP (+10.00%), PZ (-9.88%) and UNILEVER (-9.75%).

Sector Performances: Oil & Gas (+0.72%), Banking (+0.13%), Consumer Goods (-0.30%) and Industrial.

Market activity: In today’s trade, total volume decreased by 11%, while total value increased by 45% respectively, when compared to this time yesterday, as investors have traded about 151 million units of shares worth NGN5.18 billion. 

GTCO (-0.76%) is the most traded stock by volume and value with about 42 million units of shares worth NGN2.78 billion accounting for 28% and 54% of the total volume and value, respectively. 

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

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