Seplat Takes NSE Index Back to Green Zone, Gains N33.20k
By Modupe Gbadeyanka
The Nigerian Stock Exchange (NSE) reversed the bearish closure yesterday to finish bullish today after Seplat led the gainers’ chart.
The equity market closed the last trading day of the week in the green zone, appreciating by 0.30 percent to inflate the YtD gain to 7.02 percent.
The All-Share Index (ASI) increased at the Friday’s transactions by 120.22 percent to settle at 40,928.70 points, while the market capitalisation went up by N43.4 billion to close at N14.784 trillion.
Business Post reports that Seplat added N33.20k to its share value today to wrap the day at N698.30k per share.
Okomu Oil grew by N3 to finish at N76 per share, while Dangote Cement appreciated by N2 to close at N260 per share.
CCNN improved by N1.70k to settle at N20.20k per share and GTBank went up by N1.5k to end at N44.5k per share.
On the flip side, it was a bad day for International Breweries, which depreciated by N3.65k to lead the laggards’ table and close for the day at N50 per share.
It was trailed by Stanbic IBTC, which went down by N1 to finish at N49 per share, and Julius Berger, which declined by 65k to end at N23.50k per share.
PZ Cussons decreased by 50k today to close at N22.50k per share, while Union Bank reduced by 25k to finish at N6.25k per share.
The volume and value of transactions on Friday depreciated with 167.1 million shares exchanging hands in 3,453 deals worth N2 billion compared with the 205.3 million equities traded on Thursday in 4,237 deals valued at N3 billion.
Sovereign Trust Insurance emerged the most active stock at the market today, trading 15.5 million units worth N3.1 million.
It was followed by Zenith Bank, which sold 14.3 million units valued at N371.4 million, and Lasaco Assurance, which transacted 10.8 million equities for N4 million.
FCMB traded 10.2 million shares worth N24 million, while UBA exchanged 9.4 million equities worth N99.7 million.