Nigerian Stocks Rise as Seplat Energy Surges 10%

On September 3, the Nigerian stock market closed higher, with the NGX All-Share Index rising by 0.15%, primarily due to gains in oil and gas stocks, particularly Seplat Energy Plc, which surged by 10.00% from N12,320.60 to N13,552.60. Total market activity for the day reached 434.02 million shares valued at N29.30 billion across 42,303 deals.

The Oil and Gas Index gained 2.22%, while the Banking Index saw a decline of 0.27%. Seplat Energy Plc was the standout performer, with shares worth N2.63 billion traded, accounting for 51.41% of total traded value.

UBA led in trading volume with 113.26 million shares worth N5.23 billion, representing 26.10% of total market volume. GTCO followed with 34.25 million shares valued at N4.55 billion.

The market's mixed performance included 22 gainers, 33 losers, and 76 unchanged securities.