Cornerstone Insurance leads this week’s gainers as NSE closes on negative note

The Nigerian Stock Exchange (NSE) closed this week’s trading on a negative note as the All Share Index closed at 32,381.15 basis points down 1.17%. Year to date, the Index is down 15.32%.

27 equities appreciated in price during the week, lower than 28 in the previous week. 32 stocks depreciated in price, lower than 41 equities of the previous week, while 110 equities remained unchanged higher than 100 equities recorded in the preceding week.

Top Gainers

Cutix Plc

Cutix Plc was the best performing stock this week, gaining 15.37%. The stock opened at N4.10 and closed at N4.73, up N0.63. Year to date, the stock is up 135.32% and is one of the best performing stocks on the NSE, year to date.

Forte Oil Plc

Forte Oil Plc appreciated by 10.22% this week. The stock opened at N20.05 and closed at N22.10, up N2.05. Year to date, the stock is down 49.17%.

Japaul Oil and Maritime Services Plc

Japaul Oil and Maritime Services Plc opened at N0.22, and closed at N0.24, up N0.02. Year to date, the stock is down 52%.

AIICO Insurance Plc

AIICO Insurance Plc gained this week. The stock opened at N0.77 and closed at N0.83, up N0.06 or 7.79%.  Year to date, the stock is up 59.62%.

This week, the company held an Extraordinary General Meeting (EGM) where shareholders gave approval for a N5.28 billion private placement.

UACN Plc

The stock opened at N10.70 and closed at N11.50, up N0.80 or 7.48%. Year to date, the stock is down 31.95%.

Newrest ASL

Newrest ASL appreciated by 7.41% this week. The stock opened at N5.40 and closed at N6.00, up N0.60. Year to date, the stock is up.

Fidelity Bank

Fidelity Bank opened at N1.70 and closed at N1.81, up N0.11 or 6.47%. Year to date, the stock is down 26.42%.

Cadbury Nigeria Plc

Cadbury Nigeria Plc, opened at N9.10 and closed at N9.65, up N0.55 or 6.04%. Year to date, the stock is down 38.4%.

Champion Breweries

Champion Breweries gained 5.88% this week. The stock opened at N1.70 and closed at N1.80, up N0.10. Year to date, the stock is down 13.46%.

Dangote Flour Mills

Dangote Flour Mills appreciated by 5.56% this week. The stock opened at N7.20 and closed at N7.60, up N0.40. Year to date, the stock is down 37.45%.

Losers

Niger Insurance Plc

Niger Insurance Plc was the worst performing stock this week. The stock opened at N0.37 and closed at N0.30, down N0.07 or 18.92%. Year to date, the stock is down 40%.

The stock was the best performing last week, an indication that investors may have decided to cash in their profits.

Law Union and Rock Insurance

Law Union and Rock Insurance opened at N0.65 and closed at N0.55, down N0.10 or 15.38%. Year to date, the stock is down 28.57%.

Neimeth International Pharmaceuticals

Neimeth International Pharmaceuticals declined by 10.61% this week. The stock opened at N0.66 and closed at N0.59, down N0.07. Year to date, the stock is down 21.33%.

UACN Property Development Company

UACN Property Development Company (UPDC) opened at N1.95 and closed at N1.76, down N0.19 or 9.74%. Year to date, the stock is down 36.92%.

Royal Exchange Plc

Royal Exchange Plc opened at N0.22 and closed at N0.20, down N0.02 or 9.09%. Year to date, the stock is down 60%.

Union Diagnostics and Clinical Services Plc

Union Diagnostic and Clinical Services Plc depreciated by 8.82% this week. The stock opened at N0.34 and closed at N0.31, down N0.03. Year to date, the stock is down 38%.

RT Briscoe Plc

RT Briscoe Plc opened at N0.46 and closed at N0.42, down N0.04 or 8.70%. Year to date, the stock is down 16%.

Thomas Wyatt Nigeria Plc

Thomas Wyatt Nigeria Plc fell by 8% this week. The stock opened at N0.25 and closed at N0.23, down N0.02. Year to date, the stock is down 54%.

Stanbic IBTC Holdings Plc

Stanbic IBTC Holdings Plc declined by 7.61% this week. The stock opened at N46 and closed at N42.50, down N3.50. Year to date, the stock is up 2.41%.

 Mutual Benefits Assurance Plc

Mutual Benefits Assurance Plc rounds up the top 10 losers for the week. The stock opened at N0.28 and closed at N0.26, down N0.02. Year to date, the stock is down 48%.

 

 

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