GTCO, UBA Drive Intra-day Rally as Investors Take Positions
Shares of Guaranty Trust Holdings (GTCO), United Bank for Africa and Zenith Bank Plc among others are gaining on the Nigerian Exchange after the local bourse closed negative on Wednesday; according to Alpha Morgan Capital report sent to clients.
The equity market had bucked the previous day’s rally yesterday as the local bourse scooped off N6 billion from market capitalisation due to selloffs in Consumers goods stock.
The possibility is the equity market may close positive today but not really certain as stockbrokers are still behind the charts monitoring trends and market temperature. READ: NGX Tumbles on Stocks Selloffs Ahead of MTNN Public Offer
At the moment, the equity market is trading on a bullish note. Stockbrokers said there are buying interests in HONYFLOUR, Transcorp, United Capital and NGX group.
HONYFlOUR share price is up 0.57%, UBA inches up 0.65%, ZENITH BANK gains 0.88% TRANSCORP rises by 1.02%. Also on the gainers’ list are GTCO Plc with a 1.13% increase in share price, UCAP jumps 1.98%, and NGXGROUP price is up 2.14%.
Overall, the Nigerian Exchange All Share Index (ASI) is up by 0.04%, according to the report. # GTCO, UBA Drive Intra-day Rally as Investors Take Positions
