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%.