By OKORONKWO IMOH
Seplat Oil Development Company Plc and Dangote Cement Plc, among others, on Wednesday pushed the equities segment of The Nigerian Stock Exchange (NSE) northward when they recorded significant appreciation in their share prices.
The All-Share Index and the Market Capitalisation appreciated by 1.51 percent each.
The All-Share Index added 486.34 basis points or 1.51 percent to close at 32,686.72 points from 32,200.38 points it closed for trading on Tuesday, while market capitalisation also rose by N168.1 billion to close at N11.210 trillion from N11.131 trillion it closed on the previous day.
Seplat led gainers for the day when it added N18.37 to close at N387.87 per share, it was trailed by Dangote Cement which raked in N9.47 kobo to close at N208.97 per share, Total Oil gained 501 kobo to close at N275.01 per share, Forte Oil grabbed 490 kobo to close at N52.92 per share, while International Breweries recorded 246 kobo to close at N26.53 per share, among others.
Mobil Oil led the decliners’ table when it went down by 156 kobo to close at N287.00 per share, followed by Nestle Nigeria which lost 100 kobo to close at N964.00 per share, Nigerian Breweries dropped 99 kobo to close at N155.01 per share, FBN Holdings slipped by 65 kobo to close at N6.4 per share, while Union Bank Nigeria depreciated by 30 kobo to close at N5.78 per share, among others.
FBN Holdings was the most traded equity at the end of trading on Wednesday with an exchange of 99.814 million shares worth N639.350 million. It was followed by United Bank for Africa which accounted for 62.183 million shares valued at N525.983 million, Diamond Bank exchanged 58.084 million shares valued at N73.260 million; Fidelity Bank recorded 41.758 million shares valued at N52.980 billion while Access Bank traded 36.054 million shares worth N343.775 million.