The bleeding on the Nigerian Stock Exchange (NSE) slowed down, as the All Share Index closed at 33,449.17 points, down 0.48%. Year to date, the index is down 12.54%.
Top Gainers and Losers
Law Union and Rock Insurance was the best performing stock, in today’s session. The stock closed at N0.55, up 10%. Nestle Nigeria recovered a huge chunk of yesterday’s losses as it N14.85, up 9.59%. Regency Alliance Insurance rounds up the top three gainers, as it closed at N0.23, up 9.52%.
Dangote Sugar Refinery Plc was the worst performing stock in today’s trading session, as it closed at N14.40, down 10%. NAHCO Aviance Plc closed at N3.60, down 10%. Universal Insurance closed at N0.30, down 9.09%.
Top Trades by Volume
Guaranty Trust Bank was the most traded stock by volume. 17.4 million shares valued at N562 million were traded in 359 deals. The stock hit a new year low today.
15.5 million UBA shares valued at 117 million were traded in 229 deals. Diamond Bank rounds up the top 3 trades by volume as 13.8 million shares valued at N18.6 million were traded in 62 deals.
Corporate Actions
Julius Berger Plc
Julius Berger Plc will hold a board meeting on Thursday 25th of September 2018 to consider changes in the organisational structure of the company. The company has declared a closed period from September 13, 2018, to September 27, 2018.
RT Briscoe Plc
RT Briscoe Plc released its results for the financial year ended December 2017. Revenue fell from N9.8 billion in 2016 to N4.3 billion in 2017. Loss before tax increased from N2.8 billion in 2016 to N3.1 billion in 2017. Loss after tax also increased from N2.9 billion in 2016 to N3.1 billion in 2017.
