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    MarketForces Africa » MarketForces News » Consumers Goods, Banking Stocks Drive Intraday Gain

    Consumers Goods, Banking Stocks Drive Intraday Gain

    Olu AnisereBy Olu AnisereApril 12, 2022Updated:October 13, 2025 News No Comments1 Min Read
    Consumers Goods, Banking Stocks Drive Intraday Gain
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    Consumers Goods, Banking Stocks Drive Intraday Gain

    Equity investors are taking position in consumers and banking stocks ahead of first quarter earnings releases. As of yesterday, banking index lifted the equity market performance after closing negative in the previous week.

    Alpha Morgan Capital said in a midday equity report that market is again on a bullish note, following buying interests in Sterling Bank, Access Bank Plc, GTCO and FBNH.

    Market data shows that STERLNBANK share price inches up 0.67%, WAPCO gains 0.88% and FBNH is up 1.27%.

    Also driving market momentum, ACCESSCORP share price surges by 1.50% midday, GTCO rises 2.40%, ZENITHBANK appreciates by 4.79%, and DANGSUGAR has been repriced upward 7.74% and NB skyrockets by 9.20%. READ: Banks Shares, MTNN Drive Intraday Rally on NGX

    Overall, the NGX All Share Index (ASI) is up by 0.37%. Consumers Goods, Banking Stocks Drive Intraday Gain

    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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