Consumers Goods, Banking Stocks Drive Intraday Gain
Equity investors are taking position in consumers and banking stocks ahead of first quarter earnings releases. As of yesterday, banking index lifted the equity market performance after closing negative in the previous week.
Alpha Morgan Capital said in a midday equity report that market is again on a bullish note, following buying interests in Sterling Bank, Access Bank Plc, GTCO and FBNH.
Market data shows that STERLNBANK share price inches up 0.67%, WAPCO gains 0.88% and FBNH is up 1.27%.
Also driving market momentum, ACCESSCORP share price surges by 1.50% midday, GTCO rises 2.40%, ZENITHBANK appreciates by 4.79%, and DANGSUGAR has been repriced upward 7.74% and NB skyrockets by 9.20%. READ: Banks Shares, MTNN Drive Intraday Rally on NGX
Overall, the NGX All Share Index (ASI) is up by 0.37%. Consumers Goods, Banking Stocks Drive Intraday Gain
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