Home Business News Bears overthrow bulls in today's NSE trading session

Bears overthrow bulls in today’s NSE trading session

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The Nigerian Stock Exchange shed most of yesterday’s gains in today’s trading session.  The All Share Index closed at 32,437.35 basis points, down 0.87%. Year to date, the index is down 15.18%.

Top Gainers and Losers 

Sunu Assurance was the best performing stock today. The stock closed at N0.22, up 10%. Continental Reinsurance closed at N1.48, up 9.63%. Cutix closed at N2.20, up 8.37%.

On the flip side, Pharamdeko was the worst performing stock today. The stock closed at N1.71, down 10%. UACN closed at N10, down 9.09%. Law Union and Rock Insurance closed at N0.47, down 7.84%.

Top Trades by Volume

Zenith Bank was the most actively traded stock today. 87.9 million shares valued at N1.9 billion were traded in 247 deals. UBA was next with 68.3 million shares valued at N560 million traded in 189 deals. Fidelity Bank was next with 15.9 million shares valued at  N29 million were traded in 153 deals.

Corporate Actions 

Guaranty Trust Bank 

Guaranty Trust Bank released its results for the nine months ended September 30, 2018. Interest income fell from N248 billion in 2017 to N237 billion in 2018.

Profit Before Tax, however, increased from N150 billion in 2017 to N164 billion in 2018. Profit After Tax also rose from N125 billion in 2017 to N142 billion in 2018.

Lafarge Africa Plc 

Lafarge Africa Plc released its results for the 9 months ended September 30, 2018. Revenue increased from N223 billion in 2017 to N234 billion in 2018. The company, however, made a loss before tax of N14.3 billion in 2018, as against a profit before tax of N1 billion in the comparative period of 2017.

FCMB Plc 

FCMB Group Plc will not file its nine months unaudited results for the period ended 30 September 2018 by the due date of 31 October 2018.

This is due to the commencement of the interim audit of the company’s commercial banking subsidiary, First City Monument Bank Limited for the period ended 30 September 2018.

The consolidated third quarter 2018 results of FCMB Group Plc, will be released on or before 29 November 2018.

Zenith Bank Plc 

The board of Zenith Bank Plc met today to consider among other things, the bank’s unaudited results for the third quarter ended September 30, 2018. The bank stated it would communicate decisions arrived at the meeting in due course.

Nigerian Breweries Plc 

The company in a notice to the NSE, stated that in addition to the consideration of its results for the nine months ended September 30, 2018, the board would consider the proposal for the payment of an interim dividend.

 

 

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