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    MarketForces Africa » Uncategorized » ETI, ACCESS Bank See Intraday Rally on NGX

    ETI, ACCESS Bank See Intraday Rally on NGX

    Julius AlagbeBy Julius AlagbeFebruary 28, 2022 Uncategorized No Comments1 Min Read
    ETI, ACCESS Bank See Intraday Rally on NGX
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    ETI, ACCESS Bank See Intraday Rally on NGX

    Ecobank Transnational Incorporation (ETI), Access Plc and Sterling Bank are currently driving the Nigerian Exchange (NGX) upward as investors are betting large on the financial stocks.

    According to Alpha Morgan Capital in a midday report, ETI, Access and Sterling bank are leading the gainers’ chart, driving momentum in the local bourse on Monday. Read: ETI, Zenith, UBA Others Drive Intraday Gain on NGX

    Heavy buying interest in the equity market is expected to impact trading patterns in the new week, according to some stockbrokers. Demand for ACCESS has lifted its share price by 0.48%, WAPCO gained 0.57%, AIICO up 1.45%, MANSARD share price inched higher 1.67%.

    Both STERLNBANK with a 1.89% surge in share price, and ETI recording largest daily share price increase of 8.81% top the gainers chart midday. Overall, the Nigerian Exchange (NGX) All Share Index (ASI) is up by 0.07%. # ETI, ACCESS See Intraday Rally on NGX

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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