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Seplat, Guinness, Mobil, others gain

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Nigerian stock market took a positive route yesterday following gains recorded by 35 companies led by Seplat Petroleum Development Company plc.

As the market moved on a new path, the value of listed equities appreciated by N16bn while the market’s benchmark performance indicator rose by 1.18 percent, pushing the year-to-date (YtD) return higher at 2.33 percent.

Other companies on the gainers table include Guinness Nigeria plc, Mobil Oil Nigeria plc, Nestle Nigeria plc, and Nigerian Breweries plc.

The Nigerian Stock Exchange – All Share Index (ASI) appreciated by 1.18 percent (491.37 points) to close at 42,292.93 points from 41,801.58 points recorded on Monday; while market capitalisation increased to N13.965trn from the preceding trading day’s N13.80trn.

The share price of Seplat Petroleum Development Company plc rose by N33.75, from N675 to N708.75; while that of Guinness Nigeria plc garnered N9.56, from N191.3 to N200.86. Mobil Oil Nigeria plc gained N8.07, from a high of N161.55 to N169.62.
Nestle Nigeria plc also appreciated after gaining N5, from N1105 to close at N1110; while Nigerian Breweries plc appreciated by N5, from N181 to N186.

In 5,788 deals, equity dealers exchanged 257,005,662 units valued at N3.635bn.

On the losers’ table, Northern Nigeria Flour Mills plc led 13 companies which recorded price decline. The share price of Northern Nigeria Flour Mills plc declined by N0.98, from a high of N19.75 to N18.77; followed by Ecobank Transnational Incorporated plc which dropped from a high of N16.94 to close at N16.8, losing N0.14.

Dangote Sugar also declined by N0.1, from a high of N9.1 to close at N9; Honeywell Flour Mill plc dropped from N4.18 to close at N4.11, after losing N0.07; while Union Bank of Nigeria plc dropped from N8.25 to N8.18, down by N0.07.

Actively traded equities at the Nigerian bourse yesterday include: Access Bank plc, Transnational Corporation plc, FBN Holdings plc, United Bank for Africa plc, and Zenith Bank plc.

Dealers exchanged 55,690,796 units of Access Bank plc valued at N540.856m; 15,065,786 units of Transnational Corporation plc valued at N84.684m; 14,356,063 units of FBN Holdings plc valued at N215m; 12,415,370 units of United Bank for Africa plc valued at N94.730m; and 12,340,765 units of Zenith Bank plc valued at N309.211m.
More half-year (H1) financials of companies where released at the Stock Exchange yesterday. This include that of Japaul Oil & Maritime Services plc and Union Diagnostic & Clinical Services plc

Article Credit: Businessdayonline

Updated 4 Years ago

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Tags:     Seplat Petroleum Development Company plc     Mobil Oil Nigeria plc     Guinness Nigeria plc