ARADEL, Banks Stocks Drive Intraday Gain on NGX
ARADEL Holdings, banking stocks are currently driving Intraday gains on the Nigerian Exchange trading platform.
The market is trending positive after huge loss that dragged the local bourse all share index downward on Wednesday.
Market sentiment was weak and key performance indicators nosedive amidst strong trading activities in the fixed income market yesterday.
At mid-day, the NGX All Share Index witnessed a positive trajectory, reflecting a gain of 0.29%, Alpha Morgan Capital Limited said in note today.
Stockbrokers said this upward movement is a result of buying sentiment of investors in some high capitalized stocks.
During the midday session, ARADEL has capped maximum daily gain of 10.00% on the NGZ.
The banking index is popping higher due to gains in FIDELITYBK (1.35), UBA (0.95%), ZENITHBANK (0..82%), GTCO (0.28%) among other early risers.#ARADEL, Banks Stocks Drive Intraday Gain on NGX#
