MAR 5, 2018: SEPLAT PETROLEUM UP N59.9 AT NIGERIAN STOCK EXCHANGE

Seplat Petroleum today at the Nigerian stock exchange closed a handsome N59.9 up per share after a brief period of heading down each day and so, heralded major 637.7 points or 1.49% rise in the All share index.

The ASI rise was not the highest leap in recent weeks because last Wednesday the ASI did rise by 1030.98 points or 2.44% but compared to dive by 1.12% on Thursday and gentle 0.08% increase on Friday, it amounted to a real leap.

Seplat lead 32 gainers for the day as it opened at N734per share, rose to N740 in open trading then closed at day high N760 per share. It however recorded only 58 deals for 0.697m shares worth 2nd highest N528.36m 

In the price gainers camp, Seplat was in good company as Total Nigeria trailed from a distance with N11.5 per share gain; Dangote Cement applied good shoulder by closing N10 per share up and as Presco closed with N5.25 per share gain.

None of them witnessed fantastic deals and traded volume but added to Beta Glass N3.6 per share gain, they made quite an impact on the ASI.

Of the 25 price drops, 11 PLC ( Mobil oil of yore) paced with N2 per share easing as it hit day low of N174 per share then closed at N175, down compared to N177 per share last Friday.

Guinness Nigeria eased by N1.7 per share closely in tow as it closed at day low N98 per share after hitting high of N98.85 both of which were lower than Friday's N99.7 per share.

Trading was relatively low with 4270 deals involving 252m shares were recorded but traded value was fairly high at N5.745bn principally as Guarantee Trust Bank (GTB)'s leading 45.99m shares changed hands in 267 deals worth N2.245bn.

In terms of number of deals, FBN Holdings retained the top spot with 453 deals for 25.41m shares worth N292.66m. FBN, however, closed down by N0.15 per share.

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