March 10, 2025
Regaining fresh breath from sell heats, Transcorp and Dangote Sugar Refinery Plc, were among the early risers, that are currently driving the Nigerian Exchange, NGX, all share index higher.
Trading activities were relatively bearish last week, with the local exchange closing negative for four out of five trading sessions. On Monday, buying momentum has started to build across sectoral indexes.
In early trading hours, investors started to reposition in these top two early risers after their latest price declined. Other stocks in the banking sectors are tracking higher along, with the potential to reverse the negative performance of the exchange this week.
READ MORE; Nigeria Stock Exchange Market Rebounds with N216bn Gain .
At midday, the NGX All Share Index edged up by 0.21%, reflecting a positive trend, Alpha Morgan Capital Limited told investors in an email note. Stockbrokers said the gain was fueled by investor interest in some mid- to high-capitalized stocks.
Early risers include Transcorp, 9.91%, Dangotesugar, 8.65%, FCMB, 4.95%, UCAP, 3.01%, STERLINGNG (2.54%), Fidelitybank, 2.03%, GTCO (1.68%), Wemabank, 1.35%, Accesscorp, 0.63%, Zenithbank, 0.42%, and others.
