By Our Reporter
The Nigerian stocks market went bullish yesterday as oil concerns led the gainers chart. Analysts have interpreted the upwards bullish trend to tremendous buyers have shown on good stocks, such as i GEREGU, OANDO, TRANSCORP, FBNH, FIDELITYBK, STANBIC, and other listed stocks.
As at close of trading yesterday positive share price movements registered by banking and industries stock notched higher the Nigerian Exchange during the intraday trading sessions.
The market is climbing to the next level with sustained buying interest on corporate stocks amidst fourth quarter earnings releases festival. Results have been mixed thus far as more companies are yet to release their financial scorecard.
As at yesterday, the NGX All Share Index was trending on a positive note, indicating a gain of 0.11%. Geregu Plc gained 8.26% during the midday yesterday trading session, OANDO Plc rallied by 7.83% and Transcorp Plc has popped higher by 7.47%.
On the banking side, FBNH registered a positive price movement, gained 3.82%, Fidelity Bank is up by 78 basis points while Stanbic IBTC gas gained 0.08% by noon. #Transcorp, Geregu Drive Intraday Gain on Nigerian Bourse#