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.