Seplat, GlaxoSmithKline, others lift NSE’s indices by N101 billion

Brokers on the floor of Nigerian Stock Exchange in Lagos.

Price gains in the shares of some companies on the Nigerian Stock Exchange (NSE), especially Seplat Petroleum, and GlaxoSmithKline, yesterday pushed market capitalisation up by N101billion.

Also, volume of shares traded rose significantly, as investors traded 332.996 million shares worth N4.661billion in 3577 deals against 199.855 million shares valued at N1.810billion that changed hands in 3657 deals in the previous day.

Specifically, at the close of trading yesterday, market capitalisation increased by N101 billion to N12.675trillion from N12.574 trillion recorded on Tuesday. Similarly, the All-share index appreciated by 91.23 basis points to 36622.85 points from 36531.62 traded the previous day.

Further breakdown of yesterday’s transactions showed that Seplat Petroleum Development Company led the gainers chart, adding N10.00 to close at N490.00 per share, while GlaxoSmithKline followed with a gain of N1.20 kobo to close at N25.20 per share. National Salt Company of Nigeria appreciated by N0.89 kobo to close at N15.22 per share.

UAC of Nigeria added N0.87 kobo to close at N18.38 per share, Dangote Flour Mills advanced by N0.35 kobo to close at N7.50 per share. Fidson added 0.33 kobo to close at N3.69 per share.

United Bank for Africa, and Zenith Bank gained 0.30 kobo each to close at N9.40 and N25.60 per share respectively. Dangote Sugar Refinery gained 0.17 kobo to close at N14.56 per share. Eterna Oil also advanced by 0.16 kobo to close at N3.48 per share.

On the contrary, Forte Oil recorded the highest loss, shedding N2.23 kobo to close at N42.42 per share, Mobil Oil trailed with a loss of N1.85 kobo to close at N156.00 per share, International Breweries fell by N1.72 kobo to close at N54.50 kobo.

Cutix Plc down by N0.22 kobo to close at N2.13 per share while UPL dropped by N0.11 to close at N2.11per share. UAC-Properties shed 0.10 kobo to close at N2.64 per share. May&Baker lost 0.07 kobo to close at N2.70 per share.

Access Bank depreciated by 0.06 kobo to close at N9.87 per share. Continental Reinsurance also dropped 0.04 kobo to close at N1.31 per share.

Further analysis showed United Bank for Africa as the most active during the day, trading 85.181 million shares worth N795.018million, Zenith International Bank followed with 43.455 million shares valued at N1.138billion.

Access Bank traded 41.132 million shares at N407.921million, Fidelity Bank sold 21.636 million worth N34.678million, while Guaranty Trust Bank GTBank traded 19.065 million shares valued at N800.574million.

Source: G Business