GTCO, JAIZ, PRESCO Drive Intraday Loss on NGX
The Nigerian Exchange (NGX) records an intraday loss as Equity investors are offloading shares in GTCO and Jaiz Bank among others.
In a midday report shared by Alpha Morgan Capital via email with clients, the investment firm said the equity market is currently trading downward after a negative close last week.
The price declines in PRESCO (-10.00%), JAIZBANK (-5.56%), MULTIVERSE (-4.55%), WAPIC (-4.44%), OANDO (-1.13%), and GTCO (0.21%) has dragged the All-share index 0.04% lower midday.
Trading data provided shows that Presco’s share price has declined by 10%, the maximum allowable movement per day – whether up or downside. Jaiz Bank has lost 5.56% of its opening price and Multiverse trades down 4.55%.
Also, WAPIC’s share price dips 4.44% while Oando trades 1.13% below the opening price and GTCO’s share price has declined 0.21%, according to midday trading data. READ: Banks Shares, MTNN Drive Intraday Rally on NGX
Overall, the Nigerian Exchange All Share Index (ASI) is down by 0.04% but there is an expectation that the local bourse could upturn the downward trend before the end of the trading session today. # GTCO, JAIZ, PRESCO Drive Intraday Loss on NGX
