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    Tuesday, August 4

    BUA Foods, GTCO See Intraday Rally, NGX Index Jumps

    Julius AlagbeBy Updated: Uncategorized No Comments1 Min Read
    BUA Foods, GTCO See Intraday Rally, NGX Index Jumps

    BUA Foods, GTCO See Intraday Rally, NGX Index Jumps

    BUA Foods Plc is driving an intraday rally on the Nigerian Exchange, NGX, following a steep price decline in the recent past. The Nigerian Exchange All Share Index is trending higher due to strong demand for one of the highly capitalised stocks in the market, with support from GTCO.

    Some banking names are trading relatively mixed, though telecom stocks appeared to have been tucked to a point. Power sector listed companies remained stagnated while the market has halted tempo on Dangote Cement.

    Geregu Power isn’t moving and is unlikely to move so soon, and insurance stocks have become less appealing to value hunters on the Nigerian Exchange. At mid-day, the NGX All Share Index witnessed a positive trajectory, registering a gain of 0.93%, according to investors’ note from Alpha Morgan Capital Limited.

    Stockbrokers said this bullish trend is a result of buying interest of investors in some high-capitalised stocks. Specific details showed that BUAFOODS has surged by 9.91% and GTCO has gained 0.24% during the intraday trading session. #BUA Foods, GTCO See Intraday Rally, NGX Index Jumps Yield on Nigerian Treasury Bills Falls ahead of Rebase Data

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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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