At N16,000 per share, Seplat Energy hits all-time high
Seplat Energy Plc shares have climbed to an all-time high of N16,000 per share on the Nigerian Exchange Limited (NGX), extending a sharp rally that has seen the stock surge by 175.44per cent year-to-date.
NGX data showed that Seplat closed at N16,000 on September 24, up N1,092.20 or 7.33per cent from its previous trading session.
The latest rally has pushed the energy company’s shares to a highest level recorded on the NGX, as investors continue to drive demand for the stock.
Seplat’s latest price surge extends a rally that has significantly lifted the stock’s value since the beginning of 2026.
At the beginning of the year, the stock was trading at N5,809 per share. At N16,000, Seplat has gained 175.44% since the start of the year.
On September 17, Seplat shares had climbed to a new record level on the NGX, rising 10per cent in 10 days from N13,552.60 to N14,907.80.
The latest gain of N1,092.20 lifted the stock by 7.33per cent during the September 24 trading session. Seplat’s shares have gained 197.44per cent over the past one year.
The latest rally has pushed the company’s market capitalisation to N9.599 trillion. The surge in Seplat also lifted the NGX Oil/Gas Index to 237.6 points, equivalent to 3.95per cent, to close at 6,252.0. The movement came as other oil and gas stocks recorded mixed performances during the session.
