Nigerian Equities Market Dips 0.08% as SEPLAT Leads Declining Stocks
The Nigerian Stock Exchange experienced a modest decline on Thursday, with the benchmark index falling by 0.08% as 24 listed companies recorded share price losses, led by SEPLAT.
The All-Share Index retreated to 111,818.08 points, down from Wednesday’s closing level of 111,902.61 points, representing a decrease of 84.53 points.
Market capitalisation contracted by 0.08% to settle at ₦70.511 trillion, compared to the previous session’s ₦70.564 trillion, resulting in a ₦53 billion reduction in overall market value.
Trading activity encompassed 556 million share units across 18,505 transactions, generating a total turnover of ₦17 billion.
Despite the index decline, market sentiment remained relatively balanced, with 41 companies posting gains while 24 recorded losses, indicating positive market breadth.
Mutual Benefits emerged as the top performer, surging 10.00% to reach ₦1.10 per share from its previous closing price of ₦1.00.
University Press and Academy Press were also among the day’s strongest performers, advancing by 9.98% and 9.88%, respectively.
On the declining side, SEPLAT and LEGEND both experienced the maximum daily loss of 10.00%, with SEPLAT closing at ₦4,964.40 and LEGEND settling at ₦6.84 per share.
ABBEYBUILDING and OMATEK also recorded significant declines, dropping by 9.90% and 8.97%, respectively.
Among the most actively traded securities, UBA led in volume, with approximately 83 million shares changing hands through 958 separate transactions, generating ₦2.86 billion in value.
Fidelity Bank followed with substantial activity, recording about 70 million shares traded across 888 deals worth ₦1.36 billion.
Nigerian Breweries completed the list of high-volume stocks, with roughly 37 million shares traded in 164 transactions valued at ₦2 billion.
