Seplat, May & Baker, Others Push NGX-ASI higher by 0.57%

On Thursday, the Nigerian stock market continued to rise, driven higher by significant advancers such as Seplat Energy Plc.

Seplat Energy increased by N279.50, or 10 percent, from the low of N2 795.10 the day before to N3,074.60.

Moreover, Japaul Gold increased from N2.55 to N2.80, up by 25kobo or 9.80%, and May & Baker increased from N6.65 to N7.30, adding 65kobo or 9.77 percent.

The stock market rose by 0.57 percent on Thursday while investors gained N317billion.

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The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation furthered their northward movement from Wednesday’s lows of 101,571.11 points and N55.583trillion respectively to 102,149.93 points and N55.900trillion.

UBA, Transcorp, Sterling Financial Holding Company, Japaul Gold and Access Corporation were actively traded stocks as investors in 12,235 deals exchanged 504,194,662 shares worth N10.302billion.