ETI, MTNN, TRANSCORP Drive Mid-day Gain on NGX
The Nigerian local bourse is trading positive as demand for Ecobank Transnational Incorporation (ETI), MTN Nigeria (MTNN) and Transcorp lifted the market performance midday, according to Alpha Morgan Capital.
The Nigerian Exchange (NGX) has recorded two straight days of losses this week due to weak buying sentiment ahead of the first quarter earnings season in 2022. READ: BUACEMENT, FBNH, and MTNN Drive Mid-day Loss
Some stock prices have been adjusted for dividends paid while Access Bank also completes restructuring and re-listing exercises. Profit takings were seen in the banking sector, thus the index has suffered the most due to its size.
The midday report shows that the equity market is trading on a bullish note following demands in MTNN (0.63%), TRANSCORP (1.01%), ETI (1.27%), OANDO (1.87%), and NGXGROUP (2.05%).
Overall, the NGX All Share Index (ASI) is up by 0.06%. ETI, MTNN, TRANSCORP Drive Mid-day Gain on NGX

