This insurance stock took the top spot this week

The Nigerian Stock Exchange (NSE) closed in the negative, as the All Share Index fell by 2.33% to close the week at 34,037.91. Year to date, the index is down 11%.

33 equities appreciated in price during the week, lower than 37 in the previous week. 39 equities depreciated in price from 34 equities of the previous week, while 97 equities remained unchanged, lower than 98 equities recorded in the preceding week.

Gainers

Consolidated Hallmark Insurance Plc

Consolidated Hallmark Insurance was the best performing stock on the Nigerian Stock Exchange (NSE) this week. The stock opened at N0.30 and closed at N0.38 up N0.08 or 26.67%. Year to date, the stock is down 24%.

Continental Reinsurance Plc

Continental Reinsurance appreciated by 16.79% this week. The stock opened at N1.37 and closed at N1.60, up N0.23. Year to date, the stock is up 14.29%.

C&I Leasing Plc

C&I Leasing Plc opened at N2.50 this week and closed at N2.90, up N0.40 or 16%. Year to date, the stock is up 124.81%, and is one of the best-performing stocks on the NSE.

Skye Bank Plc

Skye Bank gained 13.72% this week. The stock opened at N0.51 and closed at N0.58. Year to date, the stock is up 16%.

Cornerstone Insurance Plc

Cornerstone Insurance opened at N0.24 and closed at N0.27, up N0.03 or 12.50%. Year to date, the stock is down 24%.

NPF Microfinance Bank Plc

NPF Microfinance Bank opened at N1.45 and closed at N1.60, up N0.15 or 10.34%. Year to date, the stock is up 28%.

Neimeth International Pharmaceuticals Plc

Neimeth International Pharmaceuticals Plc gained 10% this week. The stock opened at N0.60 and closed at N0.66, up N0.06. Year to date, the stock is down 12%.

GSK Consumer Nigeria Plc

GSK Consumer Nigeria opened the week’s trading at N13.10 and closed at N14.30, up N1.20 or 9.16%. Year to date, the stock is down 33.83%.

AIICO Insurance Plc

AIICO Insurance opened at N0.82 and closed at N0.89, up N0.07 or 8.54%. Year to date, the stock is up 71%.

Wapic Insurance Plc

Wapic Insurance rounds up the top 10 gainers for the week. The stock appreciated by 8.33%. Year to date, the stock is down 22%.

Losers

Law Union and Rock Insurance Plc

Law Union and Rock Insurance was the worst performing stock this week. The stock opened at N0.73 and closed at N0.54, down N0.19 or 26.03%. Year to date, the stock is down 29.87%, and is currently trading at a year low.

Standard Alliance Insurance

Standard Alliance Insurance opened at N0.38 and closed at N0.29, down N0.09 or 23.68%. Year to date, the stock is down 42%.

Universal Insurance Plc

Universal Insurance dropped by 17.50% this week. The stock opened at N0.40 and closed at N0.33, down N0.07. Year to date, the stock is down 34%.

In a notice sent to the NSE this week, the company disclosed that it would operate in tier 2 category of the new capitalisation policy released by NAICOM, but would strive to elevate to tier one in the shortest period.

Its annual general meeting is billed to hold on Wednesday 14^th November 2018.

Flour Mills of Nigeria Plc

Flour Mills of Nigeria opened at N24.30 and closed at N21.50, down N2.80 or 11.52%. Year to date, the stock is down 25.86%.

Niger Insurance Company Plc

Niger Insurance fell by 11.36% this week. The stock opened at N0.44 and closed at N0.39, down N0.05. Year to date, the stock is down 22%.

PZ Cussons Nigeria Plc

PZ Cussons Nigeria opened at N15 and closed at N13.50, down N1.50 or 10%. Year to date, the stock is down 34.47%

Mutual Benefits Assurance Plc

Mutual Benefits Assurance opened at N0.30 and closed at  N0.27, down N0.03 or 10%. Year to date, the stock is down 46%.

Learn Africa Plc

Learn Africa dropped by 9.82% this week. The stock opened at N1.12 and closed at N1.01, down N0.11. Year to date, the stock is up 14.47%.

CHAMS Plc

CHAMS Plc opened at N0.31 and closed at N0.28, down N0.03 or 9.68%. Year to date, the stock is down 44%.

Tripple Gee and Company Plc

Tripple Gee and Company Plc rounds up the top losers of the week. The stock opened at N0.85 and closed at N0.77, down N0.08 or 9.41%. Year to date, the stock is down 27.36%.

The company this week sent a notice to the NSE, including an addendum to its Annual General Meeting (AGM). The addendum pertains to the appointment of Mrs Adebimpe Giwa as an Executive Director.

The AGM will hold on Monday, August 20, 2018.