Seplat listed in the Nigerian Stock exchange on the 14th of April 2014 at a share price of N576. However, only subscribers to the stock during its private placements had the opportunity to sell on the floor of the Nigerian Stock Exchange. As expected the share price climbed in the days following its opening and closed the week 15% higher already at a price of N666.
In fact, it rose to as high as N700 on Thursday 17th April 2014. Volume of trade though has been about 42,000 shares translating to a value of about N28m only. The low trading volume probably suggest holders of the stock have not been able to sell just yet as many await share certificates and dematerialization of share certificates.
The company’s share price is also having a nice ride on the floor of the London Stock Exchange closing the week at 229.5 pence after opening at 210 pence.
