The Nigerian Stock Exchange (NSE) closed today’s trading on a positive note as the All Share index closed at 36,427.22 basis points, up 0.22%. Year to date, the index is down 4.75%.
Top gainers and Losers
Honeywell Flour Mills was the biggest gainer in today’s trading session, closing at N1.89, up 9.88%. Cutix Plc continued its upward movement this week, closing at N4.38, up 9.77%. The stock has hit a new all time high and is now the second best performing on the NSE, year to date. AIICO Plc closed at N0.68, up 9.68%.
On the losing side, Neimeth International Pharmaceuticals closed at N0.39, down 9.30%. Wapic Insurance closed at N0.40, down 9.1%. Custodian Investment closed at N5.56, down 8.9%.
Top trades by volume
Zenith Bank led top trades by volume, with 30.2 million shares valued at N717 million traded in 243 deals. 21.7 million UBA shares valued at N205 million were traded in 86 deals. FCMB rounds up the top 3 largest traded, with 19 million shares valued at N35 million traded in 129 deals.
AIICO insurance released its results for the period ended June 2018. Gross premium written rose from N14.8 billion in 2017 to N19.2 billion in 2018. Profit before tax increased from N1.1 billion in 2017 to N2.3 billion in 2018. Profit after tax also surged from N988 million in 2017 to N1.9 billion in 2018.
Union Diagnostics & Clinical Services Plc
Union Diagnostics released its results for the period ended June 2018. Revenue increased from N714 million in 2017 to N792 million in 2018. Profit before tax also increased from N152 million in 2017 to N186 million in 2018. Profit after tax also moved from N141 million in 2017 to N173 million in 2018.
11 Plc (formerly known as Mobil Oil) released its results for the period ended June 2018. Revenue jumped from N56 billion in 2017 to N85 billion in 2018. Profit before tax surged from N3.6 billion in 2017 to N8 billion in 2018. Profit after tax also increased from N2.4 billion in 2017 to N5.4 billion in 2018.
Julius Berger Plc
Julius Berger released its results for the second quarter ended June 2018. Year to date, revenue increased from N69.7 billion in 2017 to N73 billion in 2018. Profit before tax rose sharply from N55.7 million in 2017 to N3.9 billion in 2018. The company also made a profit after tax of N2.5 billion in 2018 as against a loss after tax of N364 million in 2017.
Oando released its financial statements for the period ended June 2018. Revenue increased from N266 billion in 2017 to N297 billion in 2018. Loss before tax increased from N839.9 million in 2017 to N2.3 billion in 2018. The firm made a profit after tax of N8.5 billion in 2018 due to a tax credit, as against a loss of N171.9 million in 2017.
Seplat Petroleum Development Company Plc, will release its half yearly financial results for the six months ended 30 June 2018 on Monday 30 July 2018.
At 9:00am BST (London) and 9:00am WAT (Lagos) on Monday 30 July, Austin Avuru (CEO), Effiong Okon (Operations Director) and Roger Brown (CFO) will host a conference call and webcast to present the Company’s results.