Nigerian Stock Exchange Ecobank and others boosts stock market

Other gainers on Thursday include Nigerian Breweries Plc, Tiger Branded Consumer Goods Plc, Learn Africa Plc, FBN Holdings Plc and Total Nigeria Plc

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Nigeria Stock Exchange play Nigeria Stock Exchange (Reuters)
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The profit made by Ecobank Transnational Incorporated, Seplat Petroleum Development Company Plc and 16 other companies on Thursday have helped to end a two-day lack of activities in the equities market of the Nigerian Stock Exchange.

The NSE All-Share Index rose to 24,261.69 basis points on Thursday from 24,056.12 basis points, while the market capitalisation of listed equities was up by N71bn to close at N8.34tn.

All other indices finished higher on Thursday, with the exception of the NSE Insurance Index, NSE Lotus Islamic Index and NSE Industrial Index, which increased, while the NSE ASeM remained unchanged.

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Glaxo Smithkline Consumer Nigeria Plc, Nigerian Aviation Handling Company Plc and Transnational Corporation of Nigeria Plc rose by 4.97 per cent, 4.86 per cent and 4.50 per cent to close at N23.02, N3.88 and N1.16 per share, respectively.

Other gainers on Thursday include Nigerian Breweries Plc, Tiger Branded Consumer Goods Plc, Learn Africa Plc, FBN Holdings Plc and Total Nigeria Plc.

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