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    Financial Stocks Drive NGX Midday Rally

    Ogochukwu NdubuisiBy Updated:No Comments1 Min Read
    Financial Stocks Drive NGX Midday Rally
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    Financial Stocks Drive NGX Midday Rally

    In the equities segment of the Nigerian Exchange (NGX) financial stocks are currently popping up the stock market buying temperature with strong positioning after a large daily gain reported yesterday.

    Alpha Morgan Capital said in its midday stock market brief that the equity market is currently trading upward as a result of heavy positioning or buying interests in United Capital (Ticker:UCAP), AIICO Insurance (Ticker: AIICO), Guaranty Trust Holding Company (Ticker:GTCO), United Bank for Africa (Ticker:UBA), and Access Corporation (Ticker:ACCESSCORP). 

    The upbeat is driven by a 2.40% midday gain seeing in UCAP, with a 1.56% share price increase in AIICO. The banking index is gaining support from share appreciation of 0.83% in GTCO while UBA popping 0.62% in addition to a 0.56% gain in ACCESSCORP.

    Overall, the NGX All Share Index (ASI) is up by 0.03%, Alpha Morgan said in a brief. # Financial Stocks Drive NGX Midday Rally

    >>>Nigeria Economic Growth to Slow Down in 2023 –GlobalData Forecasts

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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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