Buying Interest in GTCO, OANDO Boost NGX Intraday Record
Guaranty Trust Holdings company (GTCO) and Oando Plc, an indigenous energy company, were among other early risers are currently driving the equity market higher after huge loss was reported yesterday on the Nigerian Exchange (NGX).
Investors started taking positions in the banking names which saw prices of Jaiz and Wema Bank climb during the trading session due to activities of buy side investors.
At mid-day, the NGX All share index trended positive, reflecting a marginal gain of 0.04%, according to Alpha Morgan Capital Limited said in note.
Stockbrokers said the upward trajectory is as a result of buying interest in some mid to high capitalized stocks. OANDO has gained 9.90% while CUTIX has seen its market price climbing by 9.85%. Also, JAIZBANK has increased by 3.23% during the intraday session while WEMABANK share price has surged by 1.56%.
Stock traders said GTCO has seen 0.22% price uptick in addition to other gainers in the equities market. The NGX Banking Index had lost -0.35% as at mid-day. #Buying Interest in GTCO, OANDO Boost NGX Intraday Record
