GTCO, Sterling Bank Drive Midday Gain on NGX
Following a positive end to the previous week, the Nigerian Exchange (NGX) is seeing heavy buying interest in some banking stocks which has pushed the All-Share Index higher midday, according to an email Alpha Morgan Capital sent to clients.
There is wild demand in Sterling bank despite the tier-2 lender Easter celebration expensive joke on Christian faith.
GTCO Plc. is also gaining momentum while Fidelity Bank is rising. In the consumers’ segment, Transcorp’s share price inches up and bargain hunters are rallying around Insurance Company Mansard shares.
Overall, the Nigerian Exchange is trading on a bullish, largely due to bargain hunting in the banking stocks.
GTCO share price inches up 0.20%, ACCESSCORP gains 0.49%, TRANSCORP jumps by 1.98%, FIDELITYBK is up 2.08%.
UCAP share price is up 3.02%, MANSARD has been repriced upward by 3.09%, and STERLNBANK rises 5.00%. Overall, the NGX All Share Index (ASI) is up by 0.03%. # GTCO, Sterling Bank Drive Midday Gain on NGX
