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    Sunday, October 18

    Airtel, BUA Foods Drive Intraday Gain on NGX

    Julius AlagbeBy News No Comments2 Mins Read
    Airtel, BUA Foods Drive Intraday Gain on NGX

    Airtel, BUA Foods Drive Intraday Gain on NGX

    Buying interest in Airtel Africa Plc, BUA Foods and other stocks have lifted the Nigerian Exchange (NGX) indicators higher after a negative performance yesterday.

    During the intraday session, the NGX All Share Index is exhibiting a bullish run, reflecting an increase of 2.11%, according to Alpha Morgan Capital Limited.

    This upward trajectory is a result of buying interest in key equities such as AIRTELAFRI, FBNH, BUAFOODS, GEREGU, ACCESSCORP, ZENITHBANK, UBA, and other listed stocks.

    Airtel Africa Plc share has gained 10%, the maximum allowable gain following large transactions on the tickers. BUA Foods has jumped by 7.02% by midday while Geregu Power is up by 6.72%.

    Access Holdings has started recouping its yesterday loss, up by 2.36%, followed by a 1.97% gain in Zenith Bank Plc share. UBA share price is trending positive, gaining 1.25%. FBN Holdings is the highest gainer in the banking category currently, up by 8.69%.

    In addition, growth stocks are making an uptrend intraday amidst earnings releases.  This will likely reverse the downward trend seen in the equities market on Tuesday. # Airtel, BUA Foods Drive Intraday Gain on NGX

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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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