The stock market attracted N15.504 billion worth of investment staked on 1.381 billion shares in 14,528 deals last week, up from the N14.628 billion invested in 1.044 shares in 14,974 deals the previous week.
But considering the performance of the sectoral indicators last week, the bulls may take over the market this week. Three of the sectors tracked appreciated compared with two that declined. The NSE Consumer Goods Index led with 1.3 per cent appreciation, trailed by the NSE Insurance Index with 1.0 per cent. The NSE Banking Index gained 0.8 per cent. Conversely, the NSE Oil & Gas Index shed 0.7 per cent, just as the NSE Industrial Goods Index fell by 0.5 per cent.
According to the company, the board resolved to convene an extraordinary general meeting of the company for Thursday, 23rd January, 2020 to get the approval of the shareholders to sell its land and buildings in Apapa, Lagos and delist the shares from the NSE. Commenting on the acquisition, Chief Executive Officer, Seplat, Austin Avuru said:“We are delighted to successfully complete the acquisition of Eland, which further enhances Seplat’s footprint in Nigeria and provides opportunities for enhanced scale, diversification and growth. We welcome our new colleagues and Nigerian partners as we look forward to working together in this exciting phase of our development.
Trading in the top three equities namely, Access Bank Plc, Union Diagnostics and Clinical Services Plc and Zenith Bank Plc accounted for 687.097 million shares worth N6.510 billion in 2,964 deals, contributing 49.7 per cent and 41.9 per cent to the total equity turnover volume and value respectively.
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