Seplat Energy Plc reached a new record high on the Nigerian Exchange on Monday, trading at ₦5,917.20 per share by midday — a 10 percent gain from its opening price of ₦5,379.30. Market data indicated buy-side transactions valued at about ₦1.62 billion, placing the oil and gas firm among the day’s top performers.
The surge briefly widened the gap between Seplat’s Nigerian and London listings. Its shares opened in London at £3.09, equivalent to about ₦6,084, before easing to £2.98 by noon, reducing the price spread.
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Market analysts attributed the variation to differences in liquidity, investor sentiment, and currency fluctuations. They also noted that the differing settlement cycles — three days on the NGX and two on the LSE — often result in temporary pricing discrepancies between both markets.
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