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Seplat leads basket of 19 laggards as market fails to sustain gain

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Nigeria stock market failed to sustain previous day’s gains as Seplat Petroleum Development Company Plc led the basket of 19 stocks that lost their values as against 8 gainers.

At the sound of closing gong, the equities market closed on a negative note as the Nigerian Stock Exchange (NSE) All Share Index (ASI) depreciated by 0.16percent to 32,121.74 points as against 32,173.66 points recorded previously.

The value of listed stocks on the NSE decreased by N20billion to N11.978trillion compared to preceding day high of N11.998 trillion. The stock market’s year-to-date (YtD) returns currently stand at +2.20percent.

Seplat  decline most by N22.1 or 3.57percent, from N619       to N596.9. Cement Company of Northern Nigeria Plc followed after its share price lost N1 or 5percent, from N20 to N19; while GlaxoSmithKline Consumer Nigeria Plc lost 40kobo or 3.36percent, from N11.9 to N11.5.

On the advancers table, Dangote Cement Plc occupied topmost position, from N196 to N196.5, adding 50kobo or 0.26percent; followed by GTBank Plc which rallied from N37.6 to N37.95, up by 35kobo or 0.93percent; while Access Bank Plc gained 10kobo or 1.67percent, from N6 to N6.1.

Zenith Bank Plc, GTBank Plc, Fidelity Bank Plc, Access Bank Plc, and Transcorp Plc were actively traded stocks on the Bourse. In 3,246 deals, stock traders exchanged 208,604,112 units valued at N2.784billion.

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