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The Nigerian Stock Exchange closed last week on a bearish note as the All Share Index closed the week down 1.11%. Year to date, appreciation is currently at 8.44%.

These were the stocks that caught investors’ fancy this week.

GlaxoSmithKline Consumer Nigeria Plc

GlaxoSmithKline consumer Nigeria was the week’s biggest gainer with a 21.43% gain. The stock opened at ₦21 and closed at ₦24.50. Year to date, the stock is up 18%. GSK this week announced that it was paying shareholders a special dividend of ₦7.10 and an ordinary dividend of ₦0.40 per share.

Fidelity Bank Plc


Fidelity gained 17.75% this week. The stock opened at a year low of ₦2.31 and closed at ₦2.72 gaining ₦0.41.  Fidelity has shed most of its gains made this year. The stock is currently trading 46% below its year high of ₦3.99. Year to date gains have since dropped to 10.57%

Diamond Bank Plc
Diamond Bank Plc closed at ₦2.13 this week, up 11.98%. Year to date, the stock is up 43.33%.

Zenith Bank Plc
Zenith Bank opened the week at ₦27.60 and closed at ₦30.20. The stock gained 9.42% this week and is up 17.78% year to date. The stock has bounced back to the ₦30 mark, shaking a sell-off which occurred following the release of its FY 2017 result.

Standard chartered

Transcorp Plc
Transnational Corporation Plc (commonly known as Transcorp) gained 8.28% this week. The stock opened at ₦1.69 and closed at ₦1.83, up ₦0.14. Year to date, the stock is up 25.34%.

Eterna Plc
Eterna Plc gained 7.54% in last week’s trading session. The stock opened at ₦5.70 and closed at ₦6.13. Year to date, the stock is up 50.99%.

Standard chartered

United Capital
United Capital opened this week’s trading session at ₦3.19 and closed at ₦3.40, up ₦0.21 or 6.58%. The stock has recovered from a sell-off by investors who were mildly disappointed by its FY 2017 results. Year to date, United Capital is down 3.68%.


NASCON Allied Industries
NASCON gained 5.20% this week, opening at ₦20.20 and closing at ₦21.25. Year to date, the stock is up 14.86%.

Northern Nigerian Flour Mills
Northern Nigeria Flour Mills opened at ₦5.95 and closed at ₦6.25, up 5.04%. Year to date, the stock is up 9.65%.

C and I Leasing Plc
C and I Leasing rounds up the gainers week with a 4.97% increase. The stock opened at ₦1.81 and closed at ₦1.90. Year to date, C and I Leasing is up 47.29%.

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com


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