SEPLAT PETROLEUM REGAINS LOST NAIRA AT NIGERIAN SE IN OCTOBER

Unlike in the month of September when it led price losers with N40.40 per share decline, Seplat Petroleum in October at the Nigerian stock exchange paced 51 gains with N44.90 per share.

It closed the month at N495 per share compared to N450.1 by the close of September.

Trailing it was Nestlé Nigeria that hit new high in October as it closed the month at N1252 per share. This was N31.89 per share higher than September's closing of N1220.11 per share.

Other major price increases within the month were International Breweries rise by N11.99 to N48.99 from September's N37 per share and Dangote Cement's N11.01 per share top up to N224.00 from N212.99 previously.

The price drops, at 33 within the month were not only fewer than gains, also no tumble was up to half of the gains made by Seplat Petroleum and Nestlé Nigeria within the same period.

Lead price drops were the N15 each decline recorded in both Nigerian Breweries and 11 PLC, hitherto Mobil oil.

Nigerian breweries declined to N150 per share from late September's N165 while 11 PLC dropped to N155 per share from N170 by September.

The most traded equities within October were not these price pacing equities.

The equity with the highest interest within the month was certainly Zenith bank which ended the month with 6804 deals for 4th placed 369.59m worth 2nd highest N9407m.

It was followed by FBN Holdings as 5686 deals were struck in its shares within the month worth N2393.17m.

In terms of traded value however, the month's pace setter was GTB in which 3rd ranked 4564 deals for 5th rated 295.54m shares worth N12,240.24bn were struck.

But UBA recorded the highest traded volume as its 498.08m shares were traded within the month involving 4th ranked 4163 deals  worth 4th ranked N4580m.

Meanwhile, Dangote Cement continued to be the dominant equity in terms of market capitalisation. By yesterday, October 31, its market capitalisation stood at N3817.07bn or 30% of the N12,706.09bn total capitalisation of the equity market..

Closest to it were GTB with N1236.10bn; Nigerian Breweries with N1189.36bn, Nestlé Nigeria with N992.4bn and Zenith bank's N800bn.