BUA, Dangote Drive Intraday Rally in Equities Market
Top cement names BUA and Dangote Plc, including other early risers, are currently driving the Nigerian Exchange key performance indicators uptrend during the intraday trading session.
Market capitalisation broke N82 trillion level on Thursday as equities investors ramped up companies shares with upside potential ahead of earnings releases.
The sustained rally pushed the Nigerian Exchange (NGX) all-share index to new highs, and stockbrokers are anticipating a sharp growth for the last trading session of the week.
At midday, the NGX All-Share Index advanced by 0.36%, Alpha Morgan Limited said in an emailed note on Friday, reflecting a positive market sentiment. Stockbrokers said this upward movement was driven by renewed investor interest in some mid- to high capitalised stocks.
Top intraday gainers include BUACEMENT (9.98%), NESTLE (9.09%), NASCON (5.00%), DANGCEM (4.58%), GTCO (1.99%), UCAP (1.97%), UBA (0.65%), and NGXGROUP (0.23%), among others. Top intraday gainers include BUACEMENT 9.98%, NESTLE 9.09%, NASCON 5.00%, DANGCEM 4.58%, GTCO 1.99%, UCAP 1.97%, UBA 0.65%, NGXGROUP 0.23%, among others.
