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    MTN, Banking Names Drive Intraday Gain in Equities Market

    Olu AnisereBy Updated:No Comments1 Min Read
    MTN, Banking Names Drive Intraday Gain in Equities Market

    MTN, Banking Names Drive Intraday Gain in Equities Market

    MTN Nigeria, and some heavy banking names drove intraday gain in the equities market on Friday. Investors interest in Dangote Cement Plc has also boosted stock market performance during the midday session along with its immediate rival Lafarge Africa.

    Hence, the Nigerian Exchange (NGX)  All-share index or market index has increased further on the day after breaching psychological levels in the recent time.

    Investors’ sentiment has remained strong amidst earnings release and expectation of rebased consumer price index which could further boost equities market performance. 

    Stockbrokers said demand has been strong across key indexes as market bets on better corporates earnings, good dividends. At mid-day, the NGX All Share Index was up 0.40%, Alpha Morgan Capital Limited said in an emailed note to investors. 

    Stockbrokers said the uptick was driven by investors’ buying interest in some mid-to-large cap stocks.

    Top early gainers include: MTNN (3.61%), JAIZBANK (1.68%), DANGCEM (1.24%), STERLINGNG (1.17%), WAPCO (0.33%), ZENITHBANK (0.10%), among others. #MTN, Banking Names Drive Intraday Gain in Equities Market CBN Opens FX Window for BDC to Stock up at NFEM Rate

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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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