UBA, BUA Foods Drive Intraday Rally in Stock Market
Buying interest in UBA, BUA Foods, Access Holdings are pushing the Nigerian Exchange (NGX) key performance indicators higher during intraday trading session on Monday.
The Nigerian Exchange (NGX) market capitalisation expended by N1.43 trillion net gain last week on mix of bulls and bear traders display. BUA Foods Plc has climbed while First Holdco started a new uptrend.
Access Holdings has popped higher during intraday trading and Dangote Sugar Plc is uptrend with support from International Breweries, Transcorp and Oando.
At mid-day, the NGX All Share Index posted a gain of 0.19%, Alpha Morgan Capital Limited told investors in an emailed note, reflecting an upward trend. Stockbrokers explained that this upward movement was driven by buying interest of investors in some mid to high capitalized stocks.
Intraday gainers include BUAFOODS 2.23%, FIRSTHOLDCO 1.72%, ACCESSCORP 1.58%, UBA 0.99%, DANGSUGAR 0.73%, INTBREW 0.72%, TRANSCORP 0.41%, OANDO 0.35%, among others. #UBA, BUA Foods Drive Intraday Rally in Stock Market
Equities Investors Gain N1.43T as Market Enters Overbought Side
