Banking Names Drive Intraday Gain on Nigerian Exchange
The equities market is trading positive during the intraday session on Monday on the Nigerian Exchange (NGX) platform due to buying interest in banking names. Key performance indicators are trending promising as stockbrokers continue to bet on value and growth.
Based on midday trading direction, the local bourse registered some buying interest on the back of renewed investors’ sentiment amidst earnings festival.
At mid-day, the NGX All Share Index trended upward, displaying a gain of 0.07%, Alpha Morgan Capital Limited said in a note to investors.
Stockbrokers said the upward trajectory is due to buying interest of investors in some mid to high capitalized stocks.
Data from the Nigerian bourse showed that FIDELITYBK has gained 7.14%, while OANDO has added 3.77% to its market value.
UBA has seen 1.57% positive price movement and GTCO is up by 0.80% during the midday session with additional gain from ZENITHBANK boosting the banking index, among others.# Banking Names Drive Intraday Gain on Nigerian Exchange
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