February 14, 2025
MTN Nigeria, and some weighty banking names drove intraday gain in the stocks market on Friday, while Investors interest in Dangote Cement Plc, boosted stocks market performance during the midday session along side Lafarge Africa.
This aided the Nigerian Exchange, NGX, all-share index to increase further on the day after breaching psychological levels in the recent time.
Investors’ sentiment has remained strong amidst earnings release and expectation of rebased consumer price index which could further boost equities market performance.
READ MORE; Nigerian Stock Market Grows To N65.59Trn
Market analyst said demand has been strong across major indexes as market bets on better corporates earnings, good dividends. At mid-day, the NGX All Share Index rose by 0.40%, Alpha Morgan Capital Limited said in an emailed note to investors.
Stockbrokers said the uptick was driven by investors’ buying interest in some mid-to-large cap stocks.
Top gainers include: MTNN gained 3.61%, while JAIZBANK, added 1.68%, followed by DANGOTE CEMENT with 1.24%, STERLINGNG, ended with 1.17%, WAPCO with 0.33% and ZENITHBANK tipped by 0.10%.
