OANDO, ACCESS Midday Gain Boost Equities Market Index
Positive price movement in Oando Energy and Access Holdings Plc among other early risers have nudged Nigerian Exchange (NGX) All share index higher during midday trading session.
The market has been heated up with bargain hunting ahead of fourth quarter earnings festival in the stock market.
Investors sentiment have improved as there have been increased demand for growth, and value stocks in the local bourse this week.
Oil, insurance and consumer goods stocks surged yesterday but banking index nosedive due to some profit taking which failed to alter bullish direction in the equities market on Thursday.
At mid-day, the NGX All Share Index witnessed a positive trajectory, reflecting a gain of 0.14%, Aloha Morgan Capital Limited said in a note.
This upward movement is a result of buying sentiment of investors in some mid to high capitalized stocks, Stockbrokers added.
Midday top gainers including OANDO 5.31%, ACCESSCORP 2.08%, UBA 0.91%, ZENITHBANK 0.34%, INTBREW 0.25%, and others.
The market is expected to close positively again in the absence of significant selloffs. #OANDO, ACCESS Midday Gain Boost Equities Market Index#
