Oando, Zenith Bank Drive Intraday Gain in Equities Market
Oando Plc, Zenith Bank, and First Holdco are leading early risers in the equities segment of the Nigerian Exchange (NGX) on Wednesday due to a fresh rally. The energy stock has lost a significant amount due to investors exiting positions amidst a global stock downturn.
The domestic bourse is making a healthy uptrend that is expected to push the market value of all listed stocks in the Nigerian market higher.
At midday, the NGX All Share Index witnessed a positive trajectory, displaying a gain of 0.06%, Alpha Morgan Capital Limited told investors in an emailed note. Stockbrokers attributed the bullish trend to the buying interest of investors in some mid- to high-capitalized stocks.
OANDO has already seen its daily maximum allowable price uptick of 10.00%. Other gainers include UCAP (3.45%), FIRSTHOLDCO (2.77%), ZENITHBANK (1.70%), WEMABANK (0.93%), JAIZBANK (0.33%), and others. #Oando, Zenith Bank Drive Intraday Gain in Equities Market Reps to Intervene Over Electricity Bill Hike at University of Jos
