Seplat Energy Hits Record High on NGX Amid London Price Gap
Seplat Energy Plc's stock reached a record high on the Nigerian Exchange, trading at N5,917.20 per share, driven by a 10% gain. The surge was attributed to renewed investor interest in the oil and gas sector.
The price disparity between the NGX and LSE, where Seplat's stock traded at a 13% premium, created an arbitrage opportunity. Financial journalist David Olujinmi highlighted the short-term price gap between the two exchanges, emphasizing that it does not necessarily indicate mispricing.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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