Buying interest in Airtel Africa Plc, BUA Foods and other stocks have lifted the Nigerian Exchange (NGX) indicators higher after a negative performance yesterday.
During the intraday session, the NGX All Share Index is exhibiting a bullish run, reflecting an increase of 2.11%, according to Alpha Morgan Capital Limited.
This upward trajectory is a result of buying interest in key equities such as AIRTELAFRI, FBNH, BUAFOODS, GEREGU, ACCESSCORP, ZENITHBANK, UBA, and other listed stocks.
Airtel Africa Plc share has gained 10%, the maximum allowable gain following large transactions on the tickers. BUA Foods has jumped by 7.02% by midday while Geregu Power is up by 6.72%.
Access Holdings has started recouping its yesterday loss, up by 2.36%, followed by a 1.97% gain in Zenith Bank Plc share. UBA share price is trending positive, gaining 1.25%. FBN Holdings is the highest gainer in the banking category currently, up by 8.69%.
In addition, growth stocks are making an uptrend intraday amidst earnings releases. This will likely reverse the downward trend seen in the equities market on Tuesday.
