FBNH, Fidelity Bank See Early Gain on Nigerian Exchange
The Nigerian Exchange (NGX) is trading positive during the intraday trading session as investors showed interest in banking names – FBN Holdings and Fidelity Bank Plc are currently driving the momentum.
Nigerian big banks heads are in the middle of gaining streaks on the back of improve sentiment ahead of earnings festival. Key drivers of intraday gainers include FBN Holdings, Fidelity Bank, Oando and Transcorp.
Other banking names on the gaining tracks include UBA and Access Holdings Plc among others early risers.
At mid-day, the NGX All Share Index trended upward, displaying a gain of 0.04%, Alpha Morgan Capital Limited said in a note.
The investment firm added that the upward trajectory is as a result of buying interest of investors in some mid to high capitalized.
Trading data showed that Ticker: FIDELITYBK has been repriced higher by 4.90% at midday in the local bourse. Also, FBNH has gained 2.36% while ACCESSCORP market price has increased by 0.77%.
UBA is up by 0.54%, according to data from the Nigerian Exchange and TRANSCORP is supporting the uptick with 0.45% price movement.
Oil stocks are on track to close positive. At the time of writing, OANDO has gained 0.06%, and NGX has seen other earlier risers in the equities space. #FBNH, Fidelity Bank See Early Gain on Nigerian Exchange
