MTNN, FBNH, Zenith Bank Drive Intraday Loss on NGX
The equity market sees selling rallies on Thursday as MTN Nigeria, FBNH and Zenith Bank are among the mid and large-cap stocks driving intraday loss on the Nigerian Exchange (NGX).
According to a market report by Alpha Morgan Capital, traders said the equity market is trading on a bearish note, following sell-side pressures. Stockbrokers were seen offloading Zenith, FBNH, MTNN, Fidelity Bank and NGX Group, according to a midday report.
Midday trading data shows that ZENITH BANK shed 0.19% of its opening value while FBNH has lost 0.42%. MTNN has been priced down by 0.73%, FIDELITYBK dipped 1.23%, and NGXGROUP tumbled by 7.89%.
Overall, at midday, the Nigerian bourse All Share Index (ASI) is down by 0.34%, Alpha Morgan Capital told clients via email. # MTNN, FBNH, Zenith Bank Drives Intraday Loss on NGX
