NGX Index Edges Higher as Banking Stocks Drive Intraday Gain
The Nigerian Exchange (NGX) index popped higher during Intraday rally that pushed equities market capitalisation upward by six basis points. The local bourse records marginal gain as investors showed interest in some lightweight stocks.
Also, the market records some interest in banking names as the monetary policy committee of the central bank maintained the status quo on interest rate.
At mid-day, the NGX All Share Index posted a gain of 0.06%, Alpha Morgan Capital Limited told investors in an emailed note, reflecting an upward trend.
Stockbrokers said the modest rise was supported by investors buying interest in some mid to high capitalized stocks.
Early decliners in the stock market includes JAIZBANK 3.69%, FIRSTHOLDCO 1.61%, GTCO 1.01%, ZENITHBANK 0.94%, WEMABANK 0.38%, UBA 0.14%, among others. #NGX Index Edges Higher as Banking Stocks Drive Intraday Gain#
