Access, MTNN, Zenith Drive Intraday Rally on NGX
Access Bank Plc, MTN Nigeria, Zenith Bank Plc and other mid to large-cap companies’ stocks are currently driven by an upward price trajectory on the trading floor of the Nigerian Exchange (NGX).
The stock market lost N114 billion last week, consolidated on more than N231 billion decline reported in the prior week as stock traders dumped more companies’ shares ahead of first-quarter earnings releases.
In a mid-day report, Alpha Morgan Capital informs clients via email that the local bourse is trading positive with buying interest in banking stock. Following an announcement of final approval to operate a mobile money payment service bank, MTN Nigeria’s share price also inched up.
MTNN share price inched up 0.34%, STERLNBANK gains 1.36%, ACCESSCORP jumps 1.53% and ZENITH BANK price appreciates by 3.48%. Also on the gainers’ list, FIDELITYBK’s share price is up 3.65%, and WAPIC appreciates by 7.50% by midday.
Overall, the NGX All Share Index (ASI) is up by 0.16%. # Access, MTNN, Zenith Drive Intraday Rally on NGX
