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.
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 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%.
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%.