Equities market relapses by 0.72%, as Seplat leads declining stocks

Equities trading on the Nigerian Stock Exchange (NSE) relapsed by 0.72 per cent on Thursday as lead market indicator, the All Share Index (ASI) dropped by 225.12 points to close at 29,597.79 points. This is in comparison with a gain of 0.80 per0cent recorded on Wednesday when ASI settled at 29,812.91 basis points.

Market capitalisation dropped by 0.72 per cent or N74 billion to close at N10.165 trillion compared to previous appreciation of N81.6 billion to close at N10.239 trillion, bringing the NSE’s Year-to-Date (YTD) returns to +3.34 per cent.

Seplat Petroleum Development Company Plc topped the day’s losers with a decline of N10 in its share value to close at N330 per share. Forte Oil Plc shaved N3.69 to close at N190.34 per share, Nigerian Breweries Plc closed at N138 as it lost N2.01, while Dangote Cement Plc also depreciated by N2 to close at N192 per share and Eco Transnational Incorporated Plc dropped 51 kobo to close at N16 per share.

Conversely, Guinness Nigeria Plc led the gainers chart with an advancement of N2.85 to close at N109.25 per share. Conoil Plc followed with a gain of N1.1 to close at N23.1 per share, Union Dicon Salt Plc added 78 kobo to close at N16.53 per share.