The Nigerian Stock Exchange closed the week on a negative note, as the All Share Index closed at 36,499.67 basis points, down 0.37%. Year to date, the index is down 4,56%.

34 equities appreciated in price during the week, higher than 31 in the previous week. 48 equities depreciated in price, same as 48 equities in the previous week, while 87 equities remained unchanged, lower than  90 equities recorded in the preceding week.

These are the top gainers and losers for this week’s trading session:

Gainers

Union Diagnostic and Clinical Services Plc

Union Diagnostic commenced operations at Tejuosho Street Surulere, Lagos in 1994 under the name Tejuosho Scan Centre. It was changed to Tejuosho Diagnostic & Clinical Services Ltd in 2005, then Union Diagnostic & Clinical Services Ltd after a rebranding exercise and expansion across the country.  

The firm was listed on the Nigerian Stock Exchange on September 11 2008, after the conclusion of a private placement in 2007. 

The company’s businesses include provision of diagnostic tests and supply of medical equipment, laboratory reagents and consumables. 

Union Diagnostic was the biggest gainer this week. The stock opened at N0.22 and closed at N0.33, up 50%. Year to date, the stock is down 44%.

Neimeth International Pharmaceuticals Plc

Neimeth opened at N0.42 and closed at N0.60, up N0.18 or 42.60%. Year to date, the stock is down 26.7%.

Mutual Benefits Assurance Plc

Mutual Benefits Assurance appreciated by 23.33% during the week. The stock opened at N0.30 and closed at N0.37, up N0.07. Year to date, the stock is down 22.2%.

Niger Insurance Plc

Niger Insurance opened at N0.26 and closed at N0.30, up N0.04 or 15.38%. Year to date, the stock is down 48%.

Seplat Petroleum Development Company Plc 

Seplat Petroleum gained 13.60% during the week. The stock opened at N625 and closed at N710, up N85. Year to date, the stock is up 12.4%.

The company this week released its results for the half year ended June 2018. Revenue increased from N40.3 billion in 2017 to N104.7 billion. The company made a profit before tax of N37 billion in 2018, as against a loss before tax of N8 billion. Profit after tax stood at N14.8 billion in 2018, as against a loss after tax of N8.4 billion made in the corresponding period of 2017.

LASACO Assurance Plc

LASACO Assurance opened at N0.32 and closed at N0.36, up N0.04 or 12.50%. Year to date, the stock is down 28%.

Consolidated Hallmark Insurance Plc

Consolidated Hallmark Insurance gained 11.11% during the week. The stock opened at N0.27 and closed at N0.30, up N0.03. Year to date, the stock is down 40%.

Beta Glass Plc

Beta Glass Plc opened at N78 and closed at N85.80, up N7.80 or 10%. Year to date, the stock is up 67.22%.

Sunu Assurances Plc

Sunu Assurances Plc (formerly known as Equity Assurance Plc) opened at N0.20 and closed at N0.22, gaining N0.02 or 10%. Year to date, the stock is down 56%.

Northern Nigerian Flour Mills Plc

Northern Nigeria Flour Mills is a subsidiary of Flour Mills of Nigeria Plc. The stock opened at N6.55 and closed at N7.20. Year to date, the stock is up 26.32%.

Losers

Smart Products Nigeria Plc

The company was incorporated on 11 January, 1966 as Associated Press Limited and commenced operation same date. The name was changed to Smurfit Print Nigeria Limited in 1987 and the firm converted to a public limited liability company in 1991. Its name was subsequently changed to Smurfit Print Nigeria Plc. The name was then changed to Smart Products Nigeria Plc on 25 September, 2005.

Smart Products Nigeria Plc was the biggest loser this week, shedding 18.52%. The stock opened at N0.54 and closed at N0.44, down N0.10. Year to date, the stock is also down 18.52%.

International Breweries Plc

International Breweries Plc depreciated by 17.57% during the week. The stock opened at N37 and closed at N30.50 down N6.50. Year to date, the stock is down 44.04%.

Diamond Bank Plc

Diamond Bank opened at N1.40, and closed at N1.77, down N0.23 or 16.43%. Year to date, the stock is down 22%.

The bank this week released its results for the half year ended June 2018. Gross earnings increased from N97.8 billion in 2017 to N98.5 billion in 2018. However, profit before tax fell sharply from N9.5 billion in 2017 to N2.9 billion in 2018. Profit after tax also fell from N8.0 billion in 2017 to N1.7 billion in 2018.

Pharmadeko Plc

Pharmadeko depreciated by 13.64% during the week. The stock opened at N2.20 and closed at N1.90, down N0.30. Year to date, the stock is down 19.49%.

Skye Bank Plc

Skye Bank opened at N0.70 and closed at N0.62, down N0.08 or 11.43%. Year to date, the stock is up 24%.

Secure Electronic Technology Plc (formerly known as NSL Tech)

Secure Electronic opened at N0.40 and closed at N0.36, down N0.04 or 10%. Year to date, the stock is down 28%.

Conoil Plc

Conoil Plc shed 10% during the week. The stock opened at N27 and closed at N24.30, down N2.70. Year to date, the stock is down 13.21%.

CAP Plc

Chemical and Allied Products (CAP) Plc is a subsidiary of UAC of Nigeria Plc. The stock opened at N35 and closed at N31.50, down N3.50 or 10%. Year to date, the stock is down 7.35%.

Royal Exchange Plc

Royal Exchange Plc shed 10% during the week. The stock opened at N0.30 and closed at N0.27, down N0.03. Year to date, the stock is down 46%.

Medview Airlines Plc

Medview Airlines rounds up the list of top 10 losers for the week with a 9.81% drop. The stock opened at N2.14 and closed at N1.93, down N0.21. Year to date, the stock is down 3.02% and is currently trading at a year low.

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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