Ecobank, Oando and AIICO recorded stocks gain in the Nigeria Exchange Equities Market.
Alpha Morgan Capital notified the investors through mail that the Nigeria Exchange, All Share Index trended upward reflecting a marginal gain of 0.02%.
OANDO, one of the off takers of AfreximBank oil-backed loans, had an increase of 6.76% in its market price.
AIICO had an increase of 2.04% during the intraday trading session. Also, NB Plc market valuation has climbed by 0.36%, among others.
Overall, the NGX Banking Index has gained 0.16% at mid- way.
“Stockbrokers attribute this positive movement to buying sentiment of investors in some mid to high capitalized stocks. According to data from the Nigerian bourse, ETI has gained 8.41% following the group’s annual general meeting resolution.”
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