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    Buying Interest in GTCO, OANDO Boost NGX Intraday Record

    Olu AnisereBy No Comments1 Min Read
    Buying Interest in GTCO, OANDO Boost NGX Intraday Record

    Buying Interest in GTCO, OANDO Boost NGX Intraday Record

    Guaranty Trust Holdings company (GTCO) and Oando Plc, an indigenous energy company, were among other early risers are currently driving the equity market higher after huge loss was reported yesterday on the Nigerian Exchange (NGX).

    Investors started taking positions in the banking names which saw prices of Jaiz and Wema Bank climb during the trading session due to activities of buy side investors.

    At mid-day, the NGX All share index trended positive, reflecting a marginal gain of 0.04%, according to Alpha Morgan Capital Limited said in note.

    Stockbrokers said the upward trajectory is as a result of buying interest in some mid to high capitalized stocks.  OANDO has gained 9.90% while CUTIX has seen its market price climbing by 9.85%. Also, JAIZBANK has increased by 3.23% during the intraday session while WEMABANK share price has surged by 1.56%.

    Stock traders said GTCO has seen 0.22% price uptick in addition to other gainers in the equities market. The NGX Banking Index had lost -0.35% as at mid-day. #Buying Interest in GTCO, OANDO Boost NGX Intraday Record

    Banks with Negative Year to Date Returns, Upside Potentials

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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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