GTCO, Zenith, UBA Drive Intraday Gain on NGX
Three among top big banks in Nigeria (GTCO, Zenith and UBA Plc) were seen gaining investors’ attention in the stock market during the intraday trading session on Thursday. Investors came ready prepare to hunt stocks with strong fundamental and growth potential after holiday.
At mid-day trading, Alpha Morgan Capital Limited told investors that the Nigerian exchange (NGX) All Share Index witnessed a positive trend, showing a gain of 0.09%.
Stockbrokers said this uptick is attributed to buying sentiment in some mid to high capitalized stocks. The day drivers include NB which gained 6.90% while UBA surged by 3.23%.
Driving the momentum were investors’ interest in Zenith, and GTCO. Data showed that ZENITHBANK saw 2.71% price appreciation, GTCO grew by 1.83%, OANDO did 1.72% along with others gainers.
However, the NGX Banking Index lost -0.08% as at mid-day, according to data from the Nigerian Exchange. GTCO, Zenith, and UBA Drive Intraday Gain on NGX US Dollar Pares Gains after Producer Prices Fall
