The Nigerian Stock Exchange (NSE) continued its upward trend from yesterday as the All Share Index closed at 36,636.97 basis points, up 0.58%. Year to date the index is down 4.2%
Gainers and Losers
Cement Company of Northern Nigeria (CCNN) topped the gainers chart, closing at N31.35, up 10%. Dangote Sugar closed at N16.50, up 10%. Union Diagnostics closed at N0.22, up 10%.
On the flip side, NSL Tech closed at N0.40, down 9.09%. NPF Microfinance Bank closed at N1.57, down 8.72%. Berger Paints closed at, down 6.43%.
Top trades by volume
Medview Airlines was the largest traded stock by volume with 100,000,000 shares valued at N214,000,000 trading in 4 deals. 32 million UBA Plc shares valued at N310 million were traded in 232 deals. 31.2 million Zenith Bank shares valued at N743 million were traded in 290 deals.
Corporate Actions
FCMB Plc
FCMB has released its results for the period ended June 2018. Gross Earnings increased from N77.5 billion in 2017 to N83.9 billion in 2018. Profit before tax jumped from N3.8 billion in 2017 to N7.1 billion in 2018. Profit after tax also rose from N3.0 billion in 2017 to N5.7 billion in 2018.
Courteville Business Solutions Plc
Courteville released its results for the second quarter ended June 2018. Revenue dropped from N672 million in 2017 to N619 million in 2018. Profit before tax, however, increased from N52.5 million in 2017 to N81.1 million in 2018. Profit after tax also rose from N38.5 million in 2017 to N66.5 million in 2018.
Vitafoam Plc
Vitafoam Plc released its results for the 9 months ended 30th of June 2018. Revenue increased from N14.7 billion in 2017 to N16 billion in 2018. Profit before tax surged from N258 million in 2017 to N788 million in 2018. Profit after tax also jumped from N133 million in 2017 to N515 million in 2018.
University Press Plc
University Press released its results for the first quarter ended March 2018. Revenue increased from N132 million in 2017 to N375 million in 2018. The company made a loss before tax of N41.4 million in 2018 as against a loss of N89.1 million made in the corresponding period of the previous year. The company also made a loss after tax of N41.4 million in 2018 as against a loss after tax of N89.1 million made in the corresponding period of the previous year.
Morison Plc
Morison Plc released its results for the period ended June 2018. Revenue increased from N55 million in 2017 to N75 million in 2018. Loss before tax, however, increased from N60.6 million in 2017 to N67.6 million in 2018.
Transcorp Hotels Plc
Transcorp Hotels Plc released its results for the half year ended June 2018. Revenue for the group increased from N6.1 billion in 2017 to N8 billion in 2018. Profit before tax doubled from N1 billion in 2017 to N2 billion in 2018. Profit after tax also increased from N757 million in 2017 to N1.3 billion in 2018.
Law Union and Rock Insurance
Law Union and Rock insurance today announced the exit of its Chief Finance Officer (CFO) Olabisi Olayiwola effective today. The company has appointed Tunde Olaonipekun, the current Head Financial Reporting, and Budget, as acting CFO.
