The Nigerian Stock Exchange (NSE) closed today on a bearish note as the All Share Index closed at 36,333.80 basis points, down 0.40%. Year to date, the index is down 4.99%.
Top Gainers and Losers
Newrest ASL was the best performing stock today, as it closed at N4.95, up 10%. Livestock Plc closed at N0.66, up 10%. United Capital rounds up the top three gainers closing at N3.08, up 10%.
On the losers side, CAP Plc was the biggest loser in today’s trading session, closing at N28.35, down 10%. Mutual Benefits Assurance closed at N0.31, down 8.82%. Seplat Petroleum rounds up the top three losers with an 8.45% drop closing at N650.
Top trades by volume
Wema Bank Plc was the highest traded stock by volume as 53.5 million shares valued at N37.5 million were traded in 37 deals. Guaranty Trust Bank is next on the list with 23.4 million shares valued at N925 million traded in 146 deals. UBA Plc rounds up the top three most traded stocks with 22.1 million shares valued at N213 million traded in 128 deals.
Corporate Actions
Zenith Bank Plc
Zenith Bank Pc today held an investor conference call. Management discussed a wide variety of issues pertaining to its recently released H1 2018 results and outlook for the rest of the year.
Conoil Plc
Conoil Plc, today released its results for the half year ended June 2018. The company was yesterday suspended by the Nigerian Stock Exchange for late submission of its Q1 2018 results. Following the suspension, it released the results in question.
Revenue increased from N44.9 billion in 2017 to N54.4 billion in 2018. Profit before tax increased from N627 million in 2017 to N809 million in 2018. Profit after tax also increased from N427 million in 2017 to N550 million in 2018.
UAC Property Development Company
UAC Property Development Company today announced the appointment of Babatunde Kasali as Chairman of the Board of Directors. This follows the resignation of Larry Ettah. Ettah was the immediate past Group Managing Director of UAC of Nigeria Plc.
Folasope Aiyesimoju has been appointed Chief Executive Officer (CEO). Aiyesimoju is the founder of Themis Capital Management and co-founder Foodpro Limited. He is currently a Non-Executive Director of UAC of Nigeria Plc. Themis, in April this year, took up a stake in UPDC’s parent company UAC of Nigeria Plc.
