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Seplat gain drives All-Share Index by 0.69%



Seplat gain drives All-Share Index by 0.69%

By Chinyere Joel-Nwokeoma

Activities at the Nigerian Stock Exchange (NSE) sustained a bullish trend on Wednesday with some major equities recording price growth.

The News Agency of Nigeria (NAN) reports that the market for the second consecutive day remained upbeat with Seplat leading the  gainers’ table with N17.30 to close at N390 per share.

It was followed by Nigerian Breweries with a gain of N2 to close at N146, while  International Breweries increased by N1.02 to close at N22 per share.

Dangote Cement grew by 99k to close at N163 and Conoil added 75k to close at N34 per share.

Consequently, the All-Share Index which opened at 28,093.30 inched 193.13 points or 0.69 per cent to close at 28,286.43.

In the same vein, the market capitalisation rose by N66 billion or 0.68 per cent to close at N9.778 trillion against N9.712 achieved on Tuesday.

On the other hand, Forte Oil recorded the highest loss for the day, shedding N2.29  to close at N45.60  per share.

Stanbic IBTC trailed with a loss of 99k to close at N25.01 and  Oando was down by 45k to close at N8.55 per share.

Cadbury lost 22k to close at N9.90, while UACN declined by 19k to close at N14.33 per share.

Zenith Bank was the most traded with a turnover of 94.79 million shares valued at N1.70 billion.

Jaiz Bank accounted for 35.08 million shares worth N34.37 million and FBN Holdings sold 34.35 million valued at N143.65 million.

Diamond Bank traded 16.61 million shares worth N14.65 million, while Fidelity Bank exchanged 15.15 million shares valued at N14.39 million.

Overall, the volume of shares traded increased by 46.35 per cent as investors bought and sold 311.28 million shares worth N9.78 billion in 4,194 deals.

NAN reports that this was in contrast with 212.69 million shares valued at N2.18 billion transacted in 3,908 deals on Tuesday.

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