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    MarketForces Africa » MarketForces News » ETI, GTCO, BUA CEMENT Drive Midday Rally on NGX

    ETI, GTCO, BUA CEMENT Drive Midday Rally on NGX

    Julius AlagbeBy Julius AlagbeJanuary 27, 2022Updated:January 27, 2022 News No Comments1 Min Read
    ETI, GTCO, BUA CEMENT Drive Midday Rally on NGX
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    ETI, GTCO, BUA CEMENT Drive Midday Rally on NGX

    Nigerian Exchange (NGX) is currently on rally mode on Thursday, according to intraday trading results shared by Alpha Morgan Capital. Equity investors continue to position in dividend-paying stocks as earnings berthed.

    Heavy buying interest was spotted on some banking and industrial stocks as midday trading data shows equity investors are positioning in Zenith Bank stock, GTCO, Ecobank and BUA Cement among others.

    BUA Cement is currently at Sokoto to launch its line 4 plant, according to the company in a statement.

    With the bullish trading, demand for zenith share has lifted the price 0.20%, TRANSCORP inched higher 0.94%, GTCO gained 0.98%, BUACEMENT jumped 2.87%, and ETI  inches higher by 9.17%. 

    Overall, the Nigerian Exchange All Share Index has increased by 0.35 per cent midday, according to Alpha Morgan Capital. # ETI, GTCO, BUA CEMENT Drive Midday Rally on NGX >>> Read Also: Nigerian Bourse Tracking Lower Midday on Profit-Taking

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    Julius Alagbe
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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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