Intraday Update: Nigerian Stocks Inch Up +0.02%, Buoyed by Blue Chips

Image Credit: InvestmentOne

May 28, 2025/InvestmentOne Update

ASI as at 12.00pm: +0.02%

Top Gainers and Losers: REDSTAREX (+10.00%), UPL (+9.82%), CHAMPION (-9.87%) and LEGENDINT (-9.52%).

Sector Performances: Banking (+0.59%), Industrial (+0.20%), Consumer Goods (-0.68%) and Oil and Gas.

Market activity: In today’s trade, total volume and value declined by 84% and 35% respectively, when compared to this time yesterday, as investors have traded about 201 million units of shares worth NGN6.15 billion. 

FIDELITYBK (+4.03%) is the most traded stock by volume with about 46 million units of shares accounting for 23% of the total volume. 

GTCO (+1.16%) is the most traded stock by value with about NGN1.35 billion worth of shares accounting for 22% of the total value. 

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

Leave a Comment

Your email address will not be published. Required fields are marked *

*