Nigeria equity stock recorded a 0.09% gain in the Exchange Market.
The Market trade positively as a result of the renewed demand in Fidelity Bank and First Bank Holdings after yesterday sell down.
Midday report from stockbrokers reported it. It explained that this is a bullish momentum in banks and Transcorp reflated key performance key indicator.
According to Alpha Morgan Capital Limited, this upward movement is attributed to buying interest in some mid to high capitalized stocks, including FIDELITYBK 3.85%, FBNH 2.28%, TRANSCORP 1.67%, UBA 1.35%, and others.
“Details from the Nigerian bourse showed that Fidelity bank has appreciated by 3.85% and FBN Holdings has also gained 2.28% during the trading session. Transcorp has seen 1.67% price appreciation while bargain hunting in UBA shares has lifted the Pan African lender market valuation higher by 1.35%.”
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