Gainers and Losers, Niger Insurance Plc

September was one of the worst months this quarter, and indeed this year on the Nigerian Stock Exchange (NSE). The All Share Index closed at 32,766.37 basis points, down 5.97%. Year to date, the index is down 14.32%.

The dip is largely due to a herd effect as investors exit emerging markets and pre-election concerns by foreign investors.

Despite the poor performance, some stocks managed to beat the index. Here are the best and worst performing stocks on the NSE for the month:

Top Gainers

Skye Bank Plc

Skye Bank was the best performing stock this month. The stock opened at N0.51 and closed at N0.77, up 50.98%. Year to date, the stock is up 54%.

The stock has since been suspended from trading by the NSE, following the revocation of the bank’s license by the Central Bank of Nigeria (CBN).

Union Diagnostics and Clinical Services Plc

Union Diagnostics and Clinical Services Plc gained 30.77%. The stock opened at N0.26 and closed at N0.34, up N0.08. Year to date, the stock is down 32%.

UAC Property Development Company

UAC Property Development Company (UPDC) gained 24.20%. The stock opened at N1.57, and closed at N1.95, up N0.38. Year to date, the stock is down 30.11%.

C&I Leasing Plc

C&I Leasing Plc gained 20.8% last month. The stock opened at N2.50 and closed at N3.02, up N0.52. Year to date, the stock is up 134.11% and is one of the best performing on the NSE.

First Aluminium Plc

First Aluminium Plc appreciated by 20.59%. The stock opened at N0.34 and closed at N0.41, up N0.07. Year to date, the stock is down 18%.

Top Losers

Standard Alliance Insurance Plc

Standard Alliance Insurance Plc was the worst performing stock last month. The stock opened at N0.38 and closed at N0.20, down N0.18. Year to date, the stock is down 60%.

Universal Insurance Plc

Universal Insurance fell by 42.50%. The stock opened at N0.40 and closed at N0.23, down N0.17. Year to date, the stock is down 54%.

Cement Company of Northern Nigeria Plc

Cement Company of Northern Nigeria Plc (also known as Sokoto Cement) shed 18.12%. The stock opened at N30.90 and closed at N25.30, down N5.60. Year to date, the stock is up 166.32%, and is the best performing stock on the NSE.

Flour Mills of Nigeria Plc

Flour Mills of Nigeria Plc shed 17.70%. The stock opened at N24.30 and closed at N20, down N4.30. Year to date, the stock is down 31.3%.

ABC Transport Plc

ABC Transport Plc declined by 16.67%. The stock opened at N0.36 and closed at N0.30, down N0.06. Year to date, the stock is down 40%.

Cornerstone Insurance Plc

Cornerstone Insurance Plc, fell by 16.67% last month. The stock opened at N0.24 and closed at N0.20, down N0.04. Year to date, the stock is down 60%.

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