Banks Shares, MTNN Drive Intraday Rally on NGX
Banking, insurance stocks and MTN Nigeria are driving intraday rally on the Nigerian Exchange (NGX), according to a midday report shared by Alpha Morgan Capital today.
As such, the equity market moves on a bullish trend. Trading data shows that there were demands in FBNH, Stanbic IBTC, FCMB, ACCESS Bank and other sectors including insurance and Telco.
The report shows that FBNH share price gains 0.43% at midday trading and STANBIC also sees a 0.43% increase. FCMB share price makes 0.66% uptrend in valuation, ACCESS Bank gains 0.98%, MTNN share price inched up 1.25%, and AIICO rises by 1.45%.
Overall, the Nigeria Exchange All Share Index (ASI) is higher by 0.22%. Banks Shares, MTNN Drive Intraday Rally on NGX. Read:ETI, Zenith, UBA Others Drive Intraday Gain on NGX
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