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The Nigerian Stock Exchange (NSE) swung into negative territory as the All Share Index closed at 32,375.12 basis points, down 0.02%. Year to date, the index is down 15.34%.

Top Gainers and Losers 

Forte Oil was the best performing stock in today’s session, closing at N22, up 10%. Cement Company of Northern Nigeria (CCNN) Plc followed, closing behind with a 9.73% gain to close at N24.80. Regency Alliance Insurance rounds up the top 3 gainers. The stock closed at 9.09%, up N0.24.

AXA Mansard Insurance was the worst performing stock today. It closed at N2.06, down 9.65%. Capital Oil closed at N0.23, down 8% and PZ Cussons Nigeria Plc closed at N12.50, down 7.41%,

Top Trades by Volume  

Redstar Express Plc was the most traded stock in today’s session as 60.3 million shares valued at N298 million were traded in 39 deals. Zenith Bank was next with 24.1 million shares valued at N500 million traded in 258 deals. Oando Plc rounds up the top three most traded with 22.1 million shares valued at N112 million traded in 79 deals.

Corporate Actions

Ekocorp Plc

Ekocorp Plc has appointed Uzochukwu Eneli to the board of the company as a Non-Executive Director, effective 11th of September 2018. He represents the estate of Late Dr Alex Eneli (who was a co-founder of the company).

His appointment follows the resignation of Senator Mike Ajegbo. Ajegbo was appointed in 2007 and represented the Eneli estate on the board.

Notable Trade:

321,843 Seplat shares valued at 193,106,817.00 were traded in 51 deals. 

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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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