The Nigerian Stock Exchange (NSE) closed the week up 0.08% with the All-Share Index closing at 41,504.51 basis points. March was a bearish month as the All Share Index was down 4.21% in March. Year to date, the market is up 8.53%

GSK Consumer Nigeria Plc

GSK Consumer Nigeria led the week’s top gainers, for the second consecutive week with a 33.33% appreciation. The stock opened at ₦25.50 and closed at ₦34.00.

Investors may have keyed into the stock in view of the special dividend declared. Year to date, the stock is up 57.33%.

Wema Bank Plc

Wema Bank opened at ₦0.75 and closed at ₦0.99, up 32%. Year to date, the stock is up 90.38%.

Custodian and Allied Insurance Plc

Custodian and Allied Insurance gained 20.98%. The stock opened at ₦4.10 and closed at ₦4.96. Year to date, the stock is up 27.51%

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Unity Kapital Assurance Plc (Veritas Kapital Assurance)

Unity Kapital Assurance closed up 18.18%. The stock opened at ₦0.22 and closed at ₦0.26. Year to date, however, the stock is down 48%.

Standard chartered

Eterna Oil Plc

Eterna Oil Plc opened at ₦6.13 and closed at ₦6.65 during the week, gaining ₦0.52 or 8.48%.  The company also released its FY 2017 results within the week and declared a dividend of ₦0.40 per share. Year to date, it is up 63.79%.

ABC Transport Plc

ABC Transport Plc gained 8.33% during the week. The stock opened at ₦0.48 and closed at ₦0.52. Year to date, the stock is up 4% and trading at a year high.

Law Union and Rock Insurance Plc

Law Union and Rock Insurance opened at ₦0.68 and closed at ₦0.73, gaining ₦0.05 or 7.83%. The company also released its FY 2017 results within the week and declared a dividend of N0.04 per share. Year to date, the stock is down 5.19%

Caverton Offshore Support Group Plc

Caverton opened at ₦2.49 and closed at ₦2.67 gaining ₦0.18 or 7.23%. The company released its FY 2017 results within the week. Year to date, Caverton is up 106%.

PZ Cussons Plc

PZ Cussons Plc opened at ₦22.05 and closed at ₦23.45, up 6.35%. The company also released its financial statements for the 9 months ended February 2018.

Turnover increased from ₦57.1 billion in 2017 to ₦63.2 billion in 2018. Profit before tax fell from ₦2.3 billion in 2017 to ₦1.9 billion in 2018. Year to date, PZ is up 13.8%.

Stanbic Ibtc Plc

Stanbic Ibtc gained 6.24% within the week. The stock opened at ₦45.65 and closed at ₦48.65. Year to date, Stanbic is up 16.87%.

 

 

 

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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