The Nigerian Stock Exchange (NSE) closed on a positive note this week as the NSE All Share Index was up 0.67% at 38.928.02 basis points. Year-to-date, the market remains positive at 1.79%.
Trading was for four days this week due to the Federal Government declaring Friday, June 15 and Monday, June 18, 2018, public holidays to commemorate the Eid-al-Fitr celebrations.
40 equities appreciated in price during the week, 28 equities depreciated in price, while 101 equities remained unchanged.
Gainers
Japaul Oil & Maritime Plc
Japaul Oil and Maritime Plc was the highest gainer this week, up by 22.58%. The stock opened at N0.31 and closed at N0.38. Year-to-date, however, the stock is down by 24%.
Equity Assurance Plc
Equity Assurance opened at N0.20 and closed at N0.24, up 20%. Year-to-date, the stock is down 52%.
Union Bank Plc
Union Bank appreciated by 10.71% this week. The stock opened at N5.60 and closed at N6.20. Year-to-date, the stock is down 20.91%.
Okomu Oil Palm Company Plc
Okomu Oil opened at N82 and closed at N90.40, up 10.24%. Year-to-date, the stock is up 33.55%.
Learn Africa Plc
Learn Africa (formerly known as Longman Nigeria Plc) is into the publishing and distribution of books ranging from the primary to tertiary levels.
Learn Africa opened at N1.44 and closed at N1.58, up N0.14 or 9.72%. Year-to-date, the stock is up 79.55%.
Last week, the company released its financial statements for the year ended December, 2017.
LASACO Assurance Plc
LASACO gained 8.57% this week. The stock opened at N0.35 and closed at N0.38, up N0.03. Year-to-date, however, the stock is down 24%. LASACO was marked down last week following the payment of a N0.03 dividend for the 2017 financial year.
NPF Microfinance Bank Plc
NPF Microfinance Bank opened at N1.65 and closed at N1.79, up N0.14 or 8.48%. Year-to-date, the stock is up 43.2%. NPF was marked down last week following the payment of a N0.17 dividend for the 2017 financial year.
Ikeja Hotels Plc
Ikeja Hotels appreciated by 8.37% this week. The stock opened at N2.63 and closed at N2.85, up N0.22. Year-to-date, the stock is up 60.11%, largely due to positive sentiments following the lifting of a suspension placed by the NSE.
Honeywell Flour Mills Plc
Honeywell opened the week at N2.30 and closed at N2.49, up N0.19 or 8.26%. Year-to-date, the stock is up 18.57%.
C & I Leasing Plc
C & I Leasing opened at N1.61 and closed at N1.73, up N0.12 or 7.45%. Year-to-date, the stock is up 34.11%. This week, the company announced that its N7 billion bond issue was oversubscribed by 33%.
Losers
Mutual Benefits Assurance Plc
Mutual Benefits Assurance was the biggest loser this week. The stock opened at N0.36 and closed at N0.31 down N0.05 or 13.89%. Year-to-date, the stock is down 38%.
AG Leventis (Nigeria) Plc
A.G. Leventis shed 7.55% this week. The stock opened at N0.53 and closed at N0.49, down N0.04. Year-to-date, the stock is down 30%.
Nigerian Breweries Plc
Nigerian Breweries opened at N117 and closed at N110, down N7 or 5.98%. Year-to-date, the stock is down 18.46%.
Berger Paints Nigeria Plc
Berger depreciated by 5% this week. The stock opened at N9 and closed at N8.55 this week. The company recently announced the appointment of a new chairman, Abi Ayida. He replaces Oladimeji Alo.
B.O.C Gases Plc
B.O.C Gases opened at N4.43 and closed at N4.21 down N0.22 or 4.97%. Year-to-date, it is down 8.08%. The stock was marked down last week following a dividend payment of N0.20 per share.
Union Diagnostics & Clinical Services Plc
Union Diagnostics commenced business in 1994 and was incorporated on March 6, 1999, under the name of Tejuosho Diagnostic and Clinical Services Limited. The name of the company was changed to Union Diagnostic and Clinical Services Limited on August 1, 2007, and it became a Public Limited Company on April 22, 2008.
The company’s core business is the provision of diagnostic and clinical services.
The stock opened at N0.42 and closed at N0.40, down N0.02 or 4.76%. Year-to-date, the stock is down 20%.
Neimeth International Pharmaceutical Plc
Neimeth opened at N0.63 and closed at N0.60, down N0.03 or 4.76%. Year-to-date, the stock is down 20%.
Law Union and Rock Insurance Plc
Law Union and Rock shed 4.65% this week. The stock opened at N0.86 and closed at N0.82. Year-to-date, the stock is down 6.49%.
Prestige Assurance Plc
Prestige Assurance lost 4.48% this week. The stock opened at N0.67 and closed at N0.64. Year-to-date, the stock is up 28%.
The underwriting firm, this week sought the approval of shareholders to issue a bonus, barely few weeks after it had reconstructed its shares.
Newrest ASL Nigeria Plc
Newrest ASL (formerly Airline Services & Logistics Plc) was incorporated as a private limited liability company on December 6, 1996. It became a public limited liability company on February 26, 2007.
On July 25, 2007, its shares were listed on the NSE. It changed its name to Newrest ASL Nigeria Plc in 2016.
The principal activities of the company are the provision of catering and related services to international airlines within the Nigerian aviation industry.
The stock opened at N4.70 and closed at N4.50, down N0.20 or 4.26%. Year-to-date, the stock is down 24.37%.
