NSE Nigerian stocks

The Nigerian Stock Exchange ended today’s session on a positive note, as the All Share Index closed at 32,327.57 basis points, up 0.95%. Year to date, however, the market remains in the red, down 15.47%.

Top Gainers and Losers 

Nigerian Breweries was the best performing stock in today’s session. The stock closed at N92.50, up 9.99%. Honeywell Flour Mills closed at N1.39, up 9.45%. Unity Bank closed at N0.93, up 9.41%.

On the flip side, Cement Company of Northern Nigeria (CCNN) was the biggest loser in today’s trading. The stock closed at N22.60, down 9.96%. Linkage Assurance Plc closed at N0.59, down 9.23%. AG Leventis Plc rounds up the top three losers with a 9.09% decline to close at N0.40.

Top Trades by Volume

Guaranty Trust Bank led the top trades by volume with 68.7 million shares valued at N2.2 billion traded in 294 deals. Zenith Bank was next with 51.8 million shares valued at N1 billion traded in 365 deals. Transcorp Plc rounds up the top three traded by volume with 17.2 million shares valued at N20.4 million traded in 144 deals.

 Corporate Actions 

Resort Savings and Loans

Resort Savings and Loans released its results for the financial year ended December 2015. Gross Earnings increased from N1.4 billion in 2014 to N1.5 billion in 2015. Loss after tax also reduced from N2.9 billion in 2014 to N463 million in 2015.

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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