NGX Sees Intraday Loss as Investors Dump Banks Shares
The Nigerian Exchange, NGX, sees an intraday loss rising midweek as equity investors embark on a selling spree of the Nigerian banks’ shares, according to a midday trading report.
In a midday market report, Alpha Morgan Capital said sell down in ACCESS, ETI, GTCO, and ZENITH BANK drive mid-day loss reported at the local bourse today.
Consequently, the domestic bourse is riding a bearish train following a price decline of 0.19 per cent in ZENITH BANK, 0.37 per cent in GTCO and 0.58 per cent in UBA.
ACCESS Bank’s share price inched lower by 0.96%, while STERLNBANK has lost 1.26%, with a 2.07% decline in DANGSUGAR, ETI has dropped off 2.18%, and FBNH sheds 3.91%.
Overall, the Nigerian Exchange All Share Index (ASI) is lower by 0.25%, according to stockbrokers. # NGX Sees Intraday Loss as Investors Dump Banks Shares >> Read: Banks Shares, MTNN Drive Intraday Rally on NGX
