The Nigerian Stock Exchange (NSE) closed the last trading day of the month of September in the slimmest of positive trades as the All Share Index closed at 32,766.37 basis points, up 0.01%. Year to date, the stock is down 14.32%
Top Gainers and Losers
Cement Company of Northern Nigeria (CCNN) was the best performing stock in today’s session. The stock appreciated by 10% to close at N25.30. OKomu Oil Palm Plc closed at N77, up 9.84%. Union Diagnostics and Clinical Services Plc closed at N0.34 up 9.68%
On the flip side, UAC of Nigeria Plc was the worst performing stock today. The stock closed at N10.70, down 9.70%. Wapic Insurance closed at N0.38, down 9.52%. NAHCO Plc rounds the top 3 losers, closing at N3.27, down 9.17%.
Top Trades by Volume
UBA Plc was the most actively traded stock today with 44.4 million shares valued at N371 million traded in 99 deals. Guaranty Trust Bank was next with 25.9 million shares valued at N945 million traded in 138 deals. Access Bank Plc rounds the top 4 with 19.3 million shares valued at N157 million traded in 101 deals
Corporate Actions
Wema Bank Plc confirms MD and appoints DMD
Wema Bank Plc has confirmed the appointment of Ademola Adebise as Managing Director. Prior to this, he was in an acting capacity. The bank also announced that Moruf Oseni had been appointed Deputy Managing Director.
The bank also disclosed that it is set to issue up to N20 Billion senior unsecured bond in series 2 of its bond issuance program. Proceeds of the bond issue will be used to boost the working capital financing needs of the Bank. The bond has a tenor of 5-7 years and is targeted at institutional investors.
C&I Leasing Plc acquires tugboats
C&I Leasing Plc has acquired two brand new tugboats ‘MV
Chidiebube’ and ‘MV Folashade’ with SIFAX MARINE LIMITED under the SIFAX C&I MARINE LIMITED joint venture arrangement.
The boats will be immediately deployed for a long-term contract
with Nigerian Liquefied Natural Gas Company (NLNG).
PZ Cussons releases Q1 2018/2019 results
PZ Cussons Nigeria Plc released its first quarter results for the period ended August 2018. Revenue fell from N18.5 billion in 2017 to N15.8 billion in 2018. The company’s loss before tax worsened from N181 million in 2017 to N204 million in 2018.
