Banking Stocks Drive Midday Rally on Nigerian Exchange
The equities market has running high during the intraday trading session as stockholders appear to increase buying momentum on banking stocks. This has triggered positive price movements in banking names, a midday report released by Alpha Morgan Capital Limited shows.
At the moment, the NGX All Share Index is showing a bullish force, registering a growth of 0.08%, the investment firm said in its market report sent to investors.
Stockbrokers said this improvement is buoyed by buying sentiment observed in noteworthy stocks, such as TRANSCORP, ZENITH BANK, FIDELITYBK, ACCESSCORP, GTCO, and other listed stocks
The intraday market report shows that Transcorp Plc has gained 3.40%, followed by 2.09% share appreciation recorded by Zenith Bank. Fidelity Bank share gained 1.69%, Access Plc popped up by 0.29% while GTCO gained 0.13%.
Some other listed companies have also seen an uptick in their price movement, according to details released by Alpha Morgan Capital Limited. IPPIS: FG to Delist Unverified Workers on Oct. 27
