NSE Nigerian stocks

The Nigerian Stock Exchange (NSE) today recovered from yesterday’s bearish session as the All Share Index closed at 32,381 basis points, up 0.56%. Year to date, the market is down 15.33%.

Top Gainers and Losers

First Aluminum Plc was the best performing stock in today’s trading session. The stock closed at N0.33, up 10%. Prestige Assurance closed at N0.57, up 9.62%. Royal Exchange Plc rounds the top three gainers with a 9.52% gain to close at N0.23.

Redstar Express Plc had the biggest decline closing at N4.50, down 9.09%. Cornerstone Insurance Plc closed at N0.21, down 8.70%. Standard Alliance Insurance also closed at N0.21, down 8.70%

Top trades by Volume

Access Bank was the highest traded stock by volume as 84.9 million shares valued at N679 million were traded in 124 deals. Zenith Bank was next with 16.4 million shares valued at N338 million traded in 330 deals. International Breweries rounds up the top 3 most traded stocks with 10.2 million shares valued at N300 million traded in 9 deals.

Corporate Actions

Guinness Nigeria Plc

Guinness Nigeria Plc announced the appointment of Yemisi Ayeni as a Non-Executive Director and member of the company’s Board of Directors. Ayeni’s appointment at the company took effect from Saturday, September 1, 2018.

The company also announced the retirement of Prof. Joe Irukwu as its Non-Executive Director which has taken effect from August 28, 2018.

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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