GTCO, ACCESS, OANDO Drive Intraday Gain on NGX
GTCO, ACCESS and OANDO are gaining at noon in the stock market, stockbrokers said. The equities market is seeing rapid buying interest in some banking names during the intraday trading session on the Nigerian Exchange (NGX) on Friday.
The market has started recovering from four day downtrend due to demand for Access Holdings, GTCO and other bellwether financial services companies shares.
At mid-day, the NGX All share Index trended upward, reflecting a marginal gain of 0.02%, Alpha Morgan Capital Limited told investors in an emailed note. Stockbrokers attribute the positive movement in the local bourse to buying sentiment of investors in some mid to high capitalized stock.
Early rises include OANDO 9.97%, RTBRISCOE 9.68%, VERITASKAP 1.65%, GTCO 0.44%, and ACCESSCORP 0.26%, among others. During the trading session, Oando Plc has popped up by 9.97%, reclaiming loss value seen in the week due to sustained selloffs.
Shares of RTBriscoe have gained 9.68% to boost its market valuation as investors take positions in the company in anticipation of a good earnings performance in 2024. Veritas Kapital has seen a 1.65% increase in its market value during midday trading.
GTCO is 0.44% higher than its opening price in the equities market today. Access Holdings PLC has also gained 0.26%. #GTCO, Access, Oando Drive Intraday Gain on NGX CUTIX Gains 30% on Earnings Forecasts, Unusual Trade Volume
