Dangote Sugar Refinery Plc, Jaiz Bank, and a bucket of other decliners are currently driving the Nigerian Exchange ,NGX, All-Share Index lower during the intraday trading session.
Key performance indicators are showing red as profit-taking activities heated up, and most transactions on banking stock are trending negative. Dangote Sugar Refinery’s share price is down, and International Breweries Plc is also bleeding along with price depreciation in Transcorp Plc.
Fidelity Bank share price declined during the intraday trading session along with others like Jaiz Bank, GTCO. At midday, the NGX All-Share Index witnessed a bearish trend, Alpha Morgan Capital Limited, reflecting a loss of -0.16%. Stockbrokers said this major decline was largely driven by sell-offs in some mid to high capitalized stocks.
Early decliners in the market today include DANGSUGAR ,-5.91%, JAIZBANK ,-5.33%, FIDELITYBK ,-4.56%, TRANSCORP ,-4.44%, INTBREW ,-2.00%, GTCO ,-0.93%, among others.
