FBNH, GTCO, MTNN, and UBA Drive Mid-day Gain
The Nigerian equity market is heating up with demand for value stocks, and there is special interest in banking stocks after the selloff in the past week. Some traders, and brokers that Nigerian Exchange is more likely to end today’s trading session positive.
In its mid-day report, Alpha Morgan Capital said the equity market is currently trading on a bullish note. Yesterday, the market gained about N182 billion amidst rising sentiment ahead of the first-quarter earnings season.
Today’s rally comes following buying interests in MTNN, United Bank for Africa, Honeywell Flour and Guaranty Trust Holding Company.
Amidst the ongoing trading session, MTNN’s share price is up 0.47%, and UBA gains 1.88%. FBNH share price inches upward by 2.64%, according to midday data while HONYFLOUR price is 4.19% above opening value and GTCO valuation rises 5.50%.
Overall, the Nigerian Exchange All Share Index (ASI) is up by 0.10%, according to Alpha Morgan Capital. # FBNH, GTCO, MTNN, and UBA Drive Mid-day Gain
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