ETI, Zenith, UBA Others Drive Intraday Gain on NGX

ETI, Zenith, UBA Others Drive Intraday Gain on NGX

The Nigerian Exchange (NGX) is trading positive as demand for Ecobank Transnational Incorporated (ETI), Zenith and United Bank for Africa are driving mid-day rally at the local bourse, according to Alpha Morgan Capital note.

Other listed companies’ shares that record moderate bargain hunting are currently seeing an uptrend, including Lafarge WAPCO, UCAP and Multiverse Plc among other industries stocks.

Alpha Morgan Capital mid-day equity market report hinted the trading activities at the local bourse is on a bullish note following buying interest which sees a share price of ETI up 9.55%.

MULTIVERSE share price appreciates thus far by 5.00% while UCAP inched higher by 1.40%. Other banking shares that are appreciated include UBA 0.61%, ZENITH BANK 0.20%.

Lafarge WAPCO gains 0.20% during the intraday trading session. Overall, the Nigerian Exchange All Share Index has increased by 0.35%, according to Alpha Morgan Capital. #ETI, Zenith, UBA Others Drive Intraday Gain on NGX

Read: Banking, Industrial Stocks Drive Intraday Rally on NGX