Transcorp, Guinness Nigeria Drive Intraday Rally in Equities Market
The equities market is trading positive for the first time since the beginning of the week on renewed buying interest in Transcorp, Guinness Nigeria Plc, and some banking names.
The Nigerian Exchange (NGX) all-share index (ASI) climbed as a result, albeit moderately, as bear and bull traders stayed side by side in the equities market at noon.
In the absence of significant sell pressures, stockbrokers told MarketForces Africa that the Nigerian bourse could reverse downhill trading on Thursday amidst an ongoing 2024 earnings festival and dividend declaration.
At midday, the NGX All Share Index edged up by 0.08%, reflecting a positive trend, Alpha Morgan Capital Limited told investors at noon.
Stockbrokers said the intraday gain was fuelled by investor interest in some mid- to high-capitalized stocks. Early gainers on NGX include TRANSCORP (9.98%), GUINNESS (7.97%), INTBREW (4.00%), FBNH (1.59%), ZENITHBANK (0.53%), and others. #Transcorp, Guinness Nigeria Drive Intraday Rally in Equities Market NCC Hosts Stakeholders’ Forum on A2P Licensing Framework
