Nigerian stocks

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.

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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