The Nigerian Stock Exchange (NSE) opened the month of August on a negative note, as the All Share Index closed down 1.09% at 36,612.83 basis points. Year to date, the index is down 4.26%

Top gainers and losers 

Neimeth International Pharmaceuticals led the gainers in today’s session closing at N0.55, up 10%. Jaiz Bank closed at N0.63, up 8.62%. OKomu Oil rounds up the top 3 gainers chart, closing at N81.00, up 8.43%

On the flip side, CAP Plc closed at N31, down 10%. Royal Exchange Plc closed at N0.27, down 10%. International Breweries closed at N33.40, down 9.73%.

Large Trades 

Zenith Bank was the top traded stock by volume. N94.8 million shares valued at N2.1 billion were traded in 41 deals. UBA Plc was next with 28.6 million shares valued at N271 million were traded in 157 deals. 15.1 million Nigerian Breweries shares valued at N1.5 billion were traded in 148 deals.

Corporate Actions

Transcorp Holdings Plc

Transcorp Holdings in a notice to the NSE today disclosed that it the divestment process from Terragro, its fruit juice processing, and packaging unit was ongoing and had not been concluded yet.

Cutix Plc 

Cutix Plc will pay a dividend of N0.20 per share to shareholders on its register as at October 12, 2018. The company will also award a bonus of one ordinary share for every one share held as at October 12, 2018.

The shareholders register will be closed from October 15 2018 to October 19 2018. Its Annual General Meeting will hold on October 26 2018. Dividend payment will take place on November 6 2018.

Meyer  Paints Plc 

Meyer Paints Plc today released its results for the period ended June 2018. Revenue dipped from N519 million in 2017 to N512 million in 2018. The company’s loss before tax dropped from N98.2 million in 2018 to N93.9 million in 2018. The company’s loss after tax also dropped from N98.2 million in 2018 to N93.9 million in 2018.

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Standard chartered
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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