Julius Berger, United Capital Drive Intraday Gain on NGX
Positive share price movement in Julius Berger, United Capital, and Transnational Incorporation are among the top stocks that are currently driving the Nigerian Exchange (NGX) higher during the intraday trading session.
The market is trending positive as buying momentum resumed after a negative close yesterday. Market analysts said investors are rebalancing their stock positions ahead of third quarter easing festival.
A little negative touch on key performance indicators has reduced the NGX year-to-date return, and stockbrokers are of the view that the trend could reverse as some companies began to make dividend payments. At midday, the NGX All Share Index witnessed a positive trajectory, reflecting a gain of 0.04%, Alpha Morgan Capital Limited said in a note shared with investors.
Stockbrokers said the upward movement is as a result of buying sentiment of investors in some mid to high capitalized stocks. Data from the Nigerian bourse showed that JBERGER has gained 9.33% during the intraday hours on the platform.
Investment banking firm UCAP surged by 2.78% while TRANSCORP has gained 1.35%. On the banking side, FIDELITYBK is up by 0.33%, in contrast to the banking index trend. Data from the equities market showed that the NGX Banking Index had lost -0.42% as at midday. # Julius Berger, United Capital Drive Intraday Gain on NGX Polaris Bank Provides Free Breast Cancer Screening for 250 Women
