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    Thursday, July 9

    Midday Rally: Equities Investors Take Positions in STANBIC, ARADEL, FCMB

    Olu AnisereBy Updated: News No Comments1 Min Read
    Midday Rally: Equities Investors Take Positions in STANBIC, ARADEL, FCMB

    Midday Rally: Equities Investors Take Positions in STANBIC, ARADEL, FCMB

    Stanbic IBTC, Aradel Holdings, FCMB, Stanbic IBTC, and International Breweries Plc are currently driving positive momentum on the Nigerian Exchange (NGX) trading platform on Wednesday.

    The local bourse is blazing positive during the early trading session on Wednesday as investors’ sentiment improved. As a result of this, the banking index has seen a push, with investors taking positions in both Tier-1 and Tier-2 stocks.

    At midday, the Nigerian Exchange market index,, or All Share Index (ASI) witnessed a positive trajectory, displaying a gain of 0.54%, Alpha Morgan Capital Limited said in a note.

    Stockbrokers attribute the bullish trend to the buying interest of investors in some mid- to high-capitalised stocks. STANBIC has seen a significant daily gain of 9.92%, Nigerian breweries is up by 9.69%, and ARADEL has climbed by 9.26%.

    Other early risers include STERLINGNG (1.35%), FCMB (1.30%), and INTBREW (0.38%), among others. #Midday Rally: Equities Investors Take Positions in STANBIC, ARADEL, FCMB FBN Holdings Records Huge Off-Market Shares Transactions

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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