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    Wednesday, June 10
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    NGX Index Rises as Transcorp, Oando Drive Intraday Rally

    Julius AlagbeBy Updated:No Comments1 Min Read
    NGX Index Rises as Transcorp, Oando Drive Intraday Rally

    NGX Index Rises as Transcorp, Oando Drive Intraday Rally

    The Nigerian Exchange (NGX) All-Share Index is on the rise during the intraday trading session, thanks to increased demand for Transcorp Plc and Oando shares in the local bourse.

    Investors are taking positions in some banking names as well, with Jaiz Bank leading the pack at the time of the report. Oando stays on the recovery line, and United Capital experiences positive price movement.

    The bargain hunting has persisted, and stockbrokers anticipate the local bourse will continue to break new heights ahead of inflation data. At midday, the NGX All-Share Index rose by 0.15%, Alpha Morgan Capital Limited told investors in an emailed note, indicating an upward trend.

    Stockbrokers said the positive movement was driven by investor interest in some mid- to high-capitalized stocks. Top intraday gainers include OANDO 6.15%, JAIZBANK 6.11%, TRANSCORP 4.44%, ACCESSCORP 1.81%, UBA 0.82%, UCAP 0.79%, and FIRST HOLDCO 0.34%, among others. Nigeria’s Banking Sector Stable, CBN Reassures Nigerians

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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