Seplat hits record high as London price creates arbitrage opportunity

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Seplat Energy Plc hits a new record high on the Nigerian Exchange (NGX), trading at N5,917.20 per share as of 12:30 PM (GMT+1) on Monday, October 6.


The stock gained 10 percent in Monday’s session, up from N5,379.30 at the start of trading. The rally reflects renewed investor appetite for the oil and gas major.


Market data shows buy-side transactions worth about N1.62 billion in Seplat shares. The surge places the stock among the day’s top gainers on the exchange.

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