FCMB, NSE, Nigerian stocks, Nigerian stock exchange

Losses on the Nigerian Stock Exchange (NSE) slowed in today’s trading after yesterday’s plunge. The All-Share Index closed at 32,022.23 basis points, down 0.84%. Year to date, the exchange is down 16.27% and is the worst performing in Africa.

Top Gainers and Losers 

Skye Bank was the best performing stock in today’s trading session. The stock closed at N0.67, up 9.84%. Unity Bank closed at N0.85, up 8.97%. Transcorp Plc rounds up the top three gainers for today, closing at N1.13, up 4.63%.

Wapco Plc depreciated by 10% to close at N20.70, and was the worst performing stock, Conoil Plc fell by 9.88% to close at N21.90. Cement Company of Northern Nigeria (CCNN) rounds up the top three losers closing at N25.10, down 9.87%.

Top Trades by Volume 

Guaranty Trust Bank was the largest trading stock by volume. 28.1 million shares valued at N929 million were traded in 188 deals. Zenith Bank was next with 25.8 million shares valued at N514 million traded in 275 deals. Skye Bank rounds up the top three most traded with 18.8 million shares valued at N11.1 million traded in 120 deals.

Corporate Actions

Courteville Business Solutions  

Courteville Business Solutions has appointed Ms. Irunna Ejibe and Olufemi Adekoya as Independent Non-Executive directors.

Greif Nigeria Plc

Greif Nigeria Plc has announced the retirement of its Managing Director, Mr. Olukunle A. Obadina with effect from 31st October 2018. The company disclosed this in a notice sent to the Nigerian Stock Exchange (NSE).

He will, however, be appointed as a non-executive member of the Board of Directors effective 1st November 2018.

Ellah Lakes Plc

Ellah Lakes Plc, will be holding its Annual General Meeting (AGM) on Thursday, September 27, 2018. Under special business to be discussed, is a proposed N5 billion capital raise through a private placement.

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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