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    Monday, August 24

    ARADEL, Banks Stocks Drive Intraday Gain on NGX

    Julius AlagbeBy Updated: News No Comments1 Min Read
    ARADEL, Banks Stocks Drive Intraday Gain on NGX

    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#

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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