Investors Take Positions in FirstHoldco, Access, BUA Cement
FirstHoldco, Access Holdings, BUA Cement, and other major market movers drove the Nigerian Exchange to a high pitch during the intraday trading session on Thursday.
The stock market has continued to attract investors’ attention ahead of the second quarter earnings release, while investors are anticipating interim dividends from dividend aristocrats.
Some stocks have witnessed sharp volume transactions. There were block trades in First Holdco amidst the decision of its previous board leaders selling down their interest to pave the way for peace.
Other banking stocks have also seen increased rerating ahead of Q2, with the NGX index trading at its all-time record highs. At midday, the NGX All Share Index recorded a gain of 0.38%, Alpha Morgan Limited told investors in an emailed note, indicating a bullish market trend.
Stockbrokers reported that this upward movement was driven by renewed investor interest in some mid- to high-capitalized stocks.
Early gainers in the Nigerian market on Thursday include FIRSTHOLDCO 9.94%, BUACEMENT 7.35%, ACCESSCORP 4.29%, NASCON 4.14%, and DANGSUGAR 4.00%.
Others are INTBREW 2.62%, PZ 1.98%, FIDELITYBK 0.93%, STERLINGNG 0.78%, ZENITHBANK 0.39%, WEMABANK 0.31%, STANBIC 0.30%, DANGCEM 0.05%, among others. #Investors Take Positions in FirstHoldco, Access, BUA Cement Sterling Financial Holdings to Raise $400m
