ETI, GUINNESS, MTNN, NB, UBA, Others Drive Midday Gain
A number of financial stocks are driving a midday rally on the Nigerian Stock exchange on Thursday amidst the ongoing third-quarter of the financial year 2021 earnings season.
Investors are pumping money into stocks with upside potential as bulls hold sway on the local bourse, rebalancing portfolios over expectations of interim dividend announcements by some of Nigeria’s dividend aristocrats.
Alpha Morgan Capital said in a midday release that the equity market is currently trading on a bullish note following expansions in Zenith Bank share price, Mansard, United Bank for Africa, MTN Nigeria, Ecobank Transnational.
Driving the rally include investors bargain hunting in Lafarge WAPCO share, Nigerian Breweries, Transcorp and Guinness Nigeria Plc.
Trading statistic shows that ZENITHBANK (0.20), MANSARD (0.40), UBA (0.60%), MTNN (0.92), ETI (1.24%), WAPCO (1.59%), NB (1.76%), TRANSCORP (4.90), and GUINNESS (10.00%).
Overall, the Nigerian Exchange All Share Index is higher by 0.19%. #ETI, GUINNESS, MTNN, NB, UBA, Others Drive Midday Gain. #FBNH, FIDELITY, STERLING, and UBA Drive Midday Loss
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source https://dmarketforces.com/eti-guinness-mtnn-nb-uba-others-drive-midday-gain/