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    MarketForces Africa » MarketForces News » ETI, MTNN, TRANSCORP Drive Mid-day Gain on NGX

    ETI, MTNN, TRANSCORP Drive Mid-day Gain on NGX

    Olu AnisereBy Olu AnisereMarch 30, 2022 News No Comments1 Min Read
    ETI, MTNN, TRANSCORP Drive Mid-day Gain on NGX
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    ETI, MTNN, TRANSCORP Drive Mid-day Gain on NGX

    The Nigerian local bourse is trading positive as demand for Ecobank Transnational Incorporation (ETI), MTN Nigeria (MTNN) and Transcorp lifted the market performance midday, according to Alpha Morgan Capital.

    The Nigerian Exchange (NGX) has recorded two straight days of losses this week due to weak buying sentiment ahead of the first quarter earnings season in 2022. READ: BUACEMENT, FBNH, and MTNN Drive Mid-day Loss

    Some stock prices have been adjusted for dividends paid while Access Bank also completes restructuring and re-listing exercises. Profit takings were seen in the banking sector, thus the index has suffered the most due to its size.

    The midday report shows that the equity market is trading on a bullish note following demands in MTNN (0.63%), TRANSCORP (1.01%), ETI (1.27%), OANDO (1.87%), and NGXGROUP (2.05%).

    Overall, the NGX All Share Index (ASI) is up by 0.06%. ETI, MTNN, TRANSCORP Drive Mid-day Gain on NGX

    Investors Nigeria
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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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