Stock Market Falls Again, Seplat Leads The Chart

By Ikenga Chronicles June 21, 2018

Stock Market Falls Again, Seplat Leads The Chart

Seplat Petroleum Development Company Plc has led the chart of about 20 companies that recorded losses at the close of trading on the Nigerian Stock Exchange(NSE), on Wednesday.

Losses were recorded in the market capitalisation of equities listed on the NSE to N13.984tn from N14.006 tn on Tuesday, while the NSE All-Share Index fell by 0.15 percent to close at 38,605.07 basis points.

Seplat saw its share price decline by 4.99 percent to close at N717.20, followed by Custodian and Allied Insurance Plc, which fell by 4.93 percent to N5.01 per share.

Livestock Feeds Plc slide by 4.60 percent to close at N0.83 per share; Unity Bank Plc depreciated by 4.35 percent to N0.88 per share, while Unity Bank of Nigeria Plc lost 4.20 percent to close at N5.70 per share.

Twenty-three stocks recorded price appreciation on Wednesday, with Prestige Assurance Plc leading the pack as its share price gained 10 percent to close at N0.66.
C& I Leasing Plc appreciated by 9.34 percent to close at N1.99 per share, while Eterna Plc increased by 8.93 percent to N7.20 per share.

Japaul Oil & Maritime Service Plc was up by 7.50 percent to close at N0.43 per share while Mutual Benefit Assurance Plc appreciated by 6.25 percent to N0.34 per share.

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