Market up 0.01% as Seplat, Cutix drive minor gain

Nigeria’s stock market recorded another session of positive close (though on a relatively lighter note) following gains seen in few counters.

The market rose by 0.01 percent or N6billion as investors bought Seplat Energy, Cutix, United Capital and other major advancers.

This week, the market has decreased by 0.35 percent while it has risen slightly by 0.08 percent this month. Year-to-date (YtD) return also increased slightly to 32.93 percent.

Cutix share price increased most, from N4 to N4.40, up by 40kobo or 10 percent. It was followed by that of Seplat Energy which moved from N3,450 to N3,794.90, adding N344.90 or 10 percent.

Read also: Stock market records first gain this week

Lasaco rose from N2.11 to N2.32, adding 21kobo or 9.95 percent. CWG also moved from N6.60 to N 7.25, up by 65 kobo or 9.85 percent while United Capital share price increased from N21.95 to N24.10, adding N2.15 or 9.79 percent.

The market’s performance indicators – the All Share Index (ASI) and equities market capitalisation – increased to 99,396.23 points and N56.227trillion respectively as against preceding trading day’s lows of 99,385.44 points and N56.221trillion.

GTCO, UACN, Access Holdings, Consolidated Hallmark Holdings and Universal Insurance were actively traded stocks. In 7,616 deals, investors exchanged 529,369,235 shares worth N10.493billion.