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Nestle sheds weight as NSE continues downward spiral

Onome Ohwovoriole by Onome Ohwovoriole
September 10, 2018
in Markets, Stock Market
Nigerian stock exchange, All share index, Nigerian bourse, Investors, Bulls gather momentum ASI up 0.48%, gained N55.3 billion, Dangote ,MTN & Gtbank hit a home run as Nigeria’s bourse continues bullish momentum
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The Nigerian Stock Exchange (NSE) fell sharply in today’s trading session, as the All Share Index closed at 33,611.69 basis points down 1.2%. Year to date, the index is down 12.11%

Top Gainers and Losers 

Sunu Assurance Plc was the best performing stock in today’s trading session. The stock gained 10% to close at N0.22. Union Diagnostics and Clinical Services closed at N0.29, up 7.41%. Honeywell Flour Mills rounds up the top 3 gainers with a 5.52% gain to close at N1.52.

On the flip side, Nestle Nigeria Plc was the worst performing stock today. The stock closed at N13.55, down 9.67%. Global Spectrum Services Plc closed at N5.75, down 9.45%. Forte Oil Plc rounds up the list of top 3 losers with a 9.29% decline, to close at N19.05.

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Top Trades by Volume 

Diamond Bank was the most actively traded stock today, as 30 million shares valued at N40 million were traded in 88 deals. 16.6 million UBA shares valued at N130 million were traded in 274 deals. Guaranty Trust Bank rounds up the top 3 trades by volume with 11.2 million shares valued at N390 million traded in 194 deals.

Corporate Actions 

Medview Airlines Plc 

Medview Airlines Plc has received one of its aircraft a Boeing 737-500 from scheduled maintenance. Two other aircraft which are on scheduled maintenance and cabin reconfiguration in Europe will be back in the next two months.

Nigerian Enamelware Plc 

Nigerian Enamelware Plc will be holding its Annual General Meeting (AGM) on Thursday the 25th of October 2018 at Transcorp Hilton Hotels, Abuja.


Follow us for Breaking News and Market Intelligence.
Tags: Diamond BankMedview Airlines PlcNestle Nigeria PlcNigerian Enamelware PlcNigerian Stock ExchangeSunu Assurance PlcTranscorp Hotels
Onome Ohwovoriole

Onome Ohwovoriole

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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