Access, Transcorp, Oando Drive Intraday Gain in Equities Market
Demand for Access Holdings Plc, Transcorp and Oando Energy Plc and other companies stock like Presco drove the Nigerian All share index higher during midday trading session.
Investors staked huge bet on these early risers amidst ongoing corporates earnings releases on the Nigerian Exchange. In anticipation of good earnings, the market has seen increased trading activities after a positive close last week.
Demand for growth, value stocks heated up key performance indicators, which advanced by 4 basis points intraday in the local bourse.
At mid-day trading, the NGX All Share Index trended positive, displaying a gain of 0.04%, Alpha Morgan Capital said in an investors note. Stockbrokers attribute this upward movement to sustained buying interest in some mid to high capitalized stocks.
Trading data revealed that PRESCO has gained 7.11% during early trading hours on Monday, followed by TRANSCORP (1.85%), ACCESSCORP (1.79%), OANDO (1.42%), STERLINGNG (0.84%), STANBIC 0.08%, and others.
Elsewhere, global shares were trading mixed on Monday, as investors found bargains despite worries about U.S. President Donald Trump’s tariffs. France’s CAC 40 edged up 0.2% in early trading to 7,988.29, while Germany’s DAX rose 0.3% to 21,817.79.
Britain’s FTSE 100 added 0.4% to 8,738.98. U.S. shares were set to drift higher with Dow futures rising 0.2% to 44,507.00. S&P 500 futures gained 0.3% to 6,067.50.
In Asia, Japan’s benchmark Nikkei 225 finished little changed, rising less than 0.1% to 38,801.17. The Japanese government reported a record current account surplus last year of 29 trillion yen ($191 billion), underlining strong returns on overseas investments, boosted by a weak yen and recovering Japanese exports.
The current account data, seen as a wide indicator for trade, grew nearly 30% from the previous year, to its highest since comparable records started being kept in 1985. #Access, Transcorp, Oando Drive Intraday Gain in Equities Market Chinese Firm Expresses Support for $20b Ogidigben Gas Project
