The Nigerian Stock Exchange (NSE) began the week on a bearish note as the All Share Index closed down 0.13% at 35,339.28 basis points. Year to date, the index is down 7.44%
Top Gainers and Losers
Eterna Oil and Gas was the biggest gainer in today’s trading session. The stock closed at N7.20 up 9.92%. UAC of Nigeria Plc closed at N14.00 up 7.69%. Courtville Plc closed at N0.21 up 5%.
Union Diagnostic and Clinical Services Plc was the biggest loser in today’s trading session. The stock closed at N0.30down 9.09%. Mutual Benefits also shed 9.09, closing at N0.39. Livestock Feeds Plc rounds up the top 3 losers, closing at N0.63 down 8.70%.
Top trades by volume
UBA Plc was the top traded stock by volume. 30.5 million shares valued at N288 million traded in 128 deals. First Bank Plc followed traded 14 million shares valued at N134 million traded in 229 deals. Guaranty Trust Bank rounds the top 3 most traded stocks by volume with 13.8 million shares valued at N536 million traded in 245 deals.
Corporate Actions
Seplat Petroleum Plc
Seplat Petroleum Development Company Plc announced the signing of the Shareholder Agreement and Share Subscription Agreement with the Nigerian Gas Processing and Transportation Company (NGPTC), a wholly owned subsidiary of Nigerian National Petroleum Corporation (NNPC).
NGPTC will subscribe for fifty percent of the shares in ANOH Gas Processing Company Limited (AGPC), a company that was incorporated in 2017, for the purpose of processing future wet gas production from the upstream unitised gas fields at OML 53 & OML 21, which is operated by Shell.
Multiverse Plc
Multiverse Mining and Exploration Plc has appointed Mamman Bukar Zargana as a Non-Executive Director. The appointment takes effect from the 1st of August 2018.
Skye Bank Plc
Skye Bank Plc has submitted its results for the period ended June 2018 to the Central Bank of Nigeria (CBN) for approval. The bank will publish the statements, alongside those for the 2016 and 2017 financial statements once it obtains approval from the CBN.
