Investors Intraday Bets on Oando, Aradel Boost Equities Market
Oil and gas stocks have continued to gain investors’ attention, with Aradel Holdings and Oando Energy driving the momentum. In support, some banking names are also pushing higher during intraday sessions on the Nigerian Exchange.
Bargain hunting has heated up the All-Share index due to improved investors’ sentiment in the local bourse. At midday, the NGX All Share Index witnessed a positive trajectory, displaying a gain of 0.67%, Alpha Morgan Capital Limited told investors in an emailed note.
Stockbrokers attributed the bullish trend to the buying interest of investors in some mid- to high-capitalised stocks. Top performers include Ticker: ARADEL which has seen a maximum daily allowable price surge of 10.00%.
INTBREW has gained 9.90% during the early trading hours in the equities market, while OANDO is up by 5.95% after a strong weekly gain. FBNH comes back to the rally space with 1.89% price appreciation, while investment banking stock United Capital Plc, or Ticker: UCAP, has surged by 1.34%.
ZENITHBANK is already up by 1.14%, and WAPCO has gained 0.71%, with TRANSCORP doing 0.46% and UBA 0.30%. From behind, GTCO has seen a 0.09% increase in its market value. #Investors Intraday Bets on Oando, Aradel Boost Equities Market Goldman Sachs, IFC Partner African Banks to Empower Women Entrepreneurs
