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    Investors Are Reducing Interest in Dangote Sugar, Zenith, GTCO

    Julius AlagbeBy Updated:No Comments1 Min Read
    Investors Are Reducing Interest in Dangote Sugar, Zenith, GTCO

    Investors Are Reducing Interest in Dangote Sugar, Zenith, GTCO

    The Nigerian Exchange (NGX) is trading negative during the intraday trading session on Monday as investors launch fresh selloffs against Dangote Sugar Refinery, Zenith Bank Plc, Oando and GTCO, among others.

    In its midday update, Alpha Morgan Capital Limited said the bears had the equities market during the trading session after negative weekly performance last week. 

    NGX All Share Index experienced a decrease of 0.27%, according to stockbrokers. This loss is attributed to selling pressure from investors in some mid- to high cap stocks, including DANGSUGAR -10.00%, ZENITHBANK -3.68%, OANDO -2.70%, TRANSCORP -1.79%, GTCO -1.07%, and others.

    Dangote Sugar Plc has already lost 10%, which is maximum allowable movement per day. It will take a miracle to upturn this direction. Zenith Bank Plc is currently down by about 4% after the group announced a switch to holdco structure. Oando Plc is down by about 3% during the intraday session.

    Transcorp Plc has lost about 2%, while GTCO Plc is trading 1.07% behind its opening price.# Investors Are Reducing Interest in Dangote Sugar, Zenith, GTCO  Investment: Tinubu Woos Samsung with Conducive Environment

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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