NSE, Stock

The Nigerian Stock Exchange (NSE) All Share Index closed on a positive note this week, up 5.03%. The index is also back in positive territory year-to-date at 1.11%. 49 equities appreciated in price during the week, 29 depreciated, while 91 equities remained unchanged.

Gainers

Japaul Oil and Maritime Services Plc

Japaul Oil and Maritime Services was the biggest gainer this week. The stock appreciated by 40.91%, opening at ₦0.22 and closing at ₦0.31. Year-to-date, the stock is down 38.9%, having hit a high of ₦0.97 sometime this year.

Prestige Assurance Plc

Prestige Assurance opened at ₦0.39 and closed at ₦0.67, gaining 39.48%. The appreciation is due to an adjustment in the company’s share price following a reconstruction of its issued share capital.

The company, yesterday, released a notice to the NSE, informing the investing community of its forthcoming Annual General Meeting (AGM).

NASCON Allied Industries Plc

Dangote Industries Limited (DIL) holds a 65% stake in this firm. The company’s principal activity is the processing of raw salt into edible and industrial salts. NASCON also produces seasoning and vegetable oil.

NASCON appreciated by 17.89% during the week. The stock opened at ₦19 and closed at ₦22.40, up ₦3.40. Year-to-date, the stock is up 21.08%.

C and I Leasing Plc

C and I Leasing opened at ₦1.37 and closed at ₦1.61, gaining ₦0.24 or 17.52%. Year-to-date, the stock is up 24.81%.

Dangote Flour Mills Plc

Dangote Flour Mills gained 17.13% this week. The stock opened at ₦9.05 and closed at ₦10.60. Year-to-date, the stock is down 12.76%.

Lafarge Africa Plc

Lafarge opened at ₦34 and closed at ₦39.80, up 5.08 or 17.06%. Year-to-date, however, the stock is down 11.34%.

Dangote Sugar Refinery Plc

Dangote Sugar appreciated by 14.61% during the week. The stock opened at ₦17.45 and closed at ₦20.

Fidelity Bank Plc

Fidelity Bank opened at ₦1.99 and closed at ₦2.28, up ₦0.29 or 14.57%. Year-to-date, the stock is down 1.81%.

Transnational Corporation (Transcorp) Plc

Transcorp earlier this week announced the appointment of Obinna Ezeafulukwe as an Executive Director (ED) effective July 1, 2018. Prior to this, he was the Group General Counsel and Head of Business Development.

Transcorp opened at ₦1.25 and closed at ₦1.43, up 14.40% or ₦0.18. Year-to-date, the stock is down 2.05%.

Nigerian Breweries Plc

Nigerian Breweries, which rounds up the top 10 gainers’ list, opened at ₦103 and closed at ₦117 up ₦14 or 13.59%. Year-to-date, the stock is down 13.27%.

Losers

NPF Microfinance Bank Plc

Nigeria Police Force (NPF) Microfinance was the biggest loser this week. The stock opened at ₦1.93 and closed at ₦1.65 down ₦0.28 or 14.51%.

The drop in share price was largely due to the bank’s share price being marked down following a dividend payment. The stock paid a dividend of ₦0.17 per share. Previous dividend price was ₦1.76.

Year to date, the stock is up 32%.

Consolidated Hallmark Insurance

Consolidated Hallmark opened at ₦0.31 and closed at ₦0.27, down ₦0.04 or 12.90%. Year-to-date, the stock is down 46%.

First Aluminium Plc

First Aluminium Nigeria Plc was incorporated on August 20, 1960 as Alcan Aluminium of Nigeria Limited, a subsidiary of Alcan Aluminium Company of Canada.

The name of the company was changed to First Aluminium Company (Nigeria) Limited when it became a subsidiary of Alucon Holdings SA, a wholly owned subsidiary within the Inlaks Group, based in Monte Carlo.

On May 10, 1991, the company changed its name to First Aluminium Company (Nigeria) Plc and on July 23, 1992, to First Aluminium Nigeria Plc. It became a quoted company on November 5, 1992.

The company has a rolling mill and is engaged in the manufacture of aluminium coils, sheets and circles. A continuous sheet painting line was commissioned in November 1992 to service the painted aluminium products market.

The company also has a packaging division which manufactures tubes for the toothpaste, pharmaceutical, cosmetics and engineering industries in Nigeria from laminate plastics and aluminium.

First Aluminium shed 9.09% during the week. The stock opened at N0.44 and closed at N0.40, down 20% year-to-date.

LASACO Assurance Plc

LASACO Assurance opened at ₦0.38 and closed at ₦0.35, down N0.03 or 7.89%. The drop was largely due to a markdown in dividend.

The stock was marked down this week following a dividend payment of ₦0.04. Former dividend price was ₦0.34.

Presco Plc

Presco Plc dropped by 6.20% this week. The stock opened at ₦75 and closed at ₦70.35. Year-to-date, the stock is up 2.70%.

May & Baker Nigeria Plc

May and Baker Plc opened at ₦2.65 and closed at ₦2.50, down ₦0.15 or 5.66%. Year-to-date, the stock is down 3.85%.

The company, during its Annual General Meeting (AGM), obtained approval from shareholders to raise its paid-up share capital to ₦3 billion, and sell its Lagos property.

Mutual Benefits Assurance Plc

Mutual Benefits Assurance shed 5.26% this week. The stock opened at ₦0.38 and closed at ₦0.36, down ₦0.02. Year-to-date, the stock is down 28%.

PZ Cussons Plc

The Fast Moving Consumer Goods (FMCG) giant opened at ₦21.85 and closed at ₦20.75, down ₦1.10 or 5.03%. Year to date, the stock is up 0.73%.

Guinea Insurance Plc

Guinea Insurance shed 5% this week. The stock opened at ₦0.40 and closed at ₦0.38, down ₦0.02. Year-to-date, the stock is down 24%.

Skye Shelter Fund Plc

Skye Shelter Fund is a Real Estate Investment Trust (REIT) primarily involved in acquiring real estate properties for capital appreciation. The fund opened at ₦100 and closed at ₦95, down ₦5 or 5%. Year-to-date, the fund is also down 5%.

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