Intraday Update: Nigerian Stocks Inch Up +0.12% on Gains in Banking Counters

Image Credit: InvestmentOne

ASI as at 12.00pm: +0.12%

Top Gainers and Losers: ZENITHBANK (+2.91%), GTCO (+0.83%), JAIZBANK (-2.33%) and UBA (-0.32%).

Sector Performances: Banking (+0.86%), Oil & Gas (-0.01%), Consumer Goods and Industrial.

Market activity: In today’s trade, total volume increased by 12% while total value decreased by 24%, when compared to this time yesterday, as investors have traded about 322 million units of shares worth NGN8.75billion. 

WEMABANK (+0.38%) is the most traded stock by volume and value with about 102 million units of shares worth about NGN2.70 billion accounting for 32% of the total volume and 31% of the total value. 

Likely close: In the absence of any major decline in the share prices of AIRTELAFRIDANGCEM and MTNN, the market should close green.

Leave a Comment

Your email address will not be published.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

*