Close Menu
    Subscribe
    Thursday, June 4
    MarketNews

    Zenith Bank, Oando Drive Intraday Loss on NGX

    Ogochukwu NdubuisiBy No Comments1 Min Read
    Zenith Bank, Oando Drive Intraday Loss on NGX

    Zenith Bank, Oando Drive Intraday Loss on NGX

    Sell pressure on Zenith Bank and Oando Plc have plunged equities market index downward during the intraday trading session on the Nigerian Exchange (NGX). Selloffs began during the early trading hours on Tuesday as market reacts to inflation pressure.

    At mid-day, the NGX All share Index trended negatively, reflecting a loss of -0.02%., Alpha Morgan Capital Limited said in emailed-note.

    Stockbrokers said this negative movement is due to selling pressure in some high capitalized stocks, including OANDO -2.19% and ZENITHBANK -2.18%, among others.

    Oando Plc has plummeted by 2.19%, reflecting investors’ negative perception in the performance of the energy company listed on NGX and JSE.

    Zenith Bank Plc has lost 2.18% of its market value during the trading session as investors exited their positions in the financial institution.  At the midday, the NGX Banking Index lost -0.35% as at mid-day, stockbrokers said. # Zenith Bank, Oando Drive Intraday Loss on NGX Southgate Resigns as England Boss After Euros Final Defeat

    Share.

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Related Posts

    Add A Comment

    Comments are closed.