The Nigerian Stock Exchange switched sides today as the All Share Index closed at 32,417.40 basis points, down 0.08%. Year to date the index is down 15.23%.
Top Gainers and Losers
Cornerstone Insurance Plc was the best performing stock today. The stock gained 10% to close at N0.22. Cadbury Nigeria Plc closed at N10.30, up 6.74%. CAP Plc closed at N30, up 5.45%
On the flip side, Union Diagnostics and Clinical Services Plc was the worst performing stock. The stock closed at N0.28, down 9.68%. First Aluminum Plc closed at N0.38, down 9.52%. RT Briscoe also closed at N0.38, down 9.52%/
Top Trades by Volume
Royal Exchange Plc was the highest traded stock with 231 million shares valued at N48.6 million traded in 12 deals.
FCMB was next with 26.2 million shares valued at N44.6 million traded in 116 deals. Guaranty Trust Bank rounds up the top three traded by volume with 12.2 million shares valued at N450 million traded in 142 deals.
Corporate Actions
Eterna Plc
Eterna Plc has announced its proposed issuance of a N10 Billion 270 day Commercial Paper (CP). Funds raised in the CP will be used for working capital and general corporate purposes.
Nahco Plc
A board meeting has been scheduled on Thursday, 25th October 2018, in Lagos to consider and approve the company’s unaudited financial statements for the nine months ended September 30th, 2018 along with other agenda items.
In compliance with the listing rules, the Company has declared a closed period from October 8th, 2018 until 24 hours after the results are released on the floor of the Nigerian Stock Exchange.
