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Markets

Dangote Cement rebounds as insurance stocks dominate top gainers

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Gainers and Losers, Niger Insurance Plc

The Nigerian Stock Exchange ended the week on a positive note as the All Share Index closed at 32,841.69 basis points, up 1.19%. Year to date, the index is down 14.21%.

20 equities appreciated in price during the week, lower than 29 in the previous week. 42 equities depreciated in price, higher than 40 of the previous week, while 107 equities remained unchanged higher than one hundred 100 equities recorded in the preceding week.

Top Gainers

Prestige Assurance Plc

Prestige Assurance was the best performing stock this week. The stock opened at N0.50 and closed at N0.56, up N0.06 or 12%. Year to date, the stock is up 12%, and is trading at a year high.

AXA Mansard Insurance Plc

AXA Mansard appreciated by 10% this week. The stock opened at N1.80 and closed at N1.98, up N0.18. Year to date, the stock is up 2.59%.

The Initiates Plc

The Initiates opened at N0.56 and closed at N0.61, up N0.05 or 8.93%. Year to date, the stock is down 25.61%.

Continental Reinsurance Plc

Continental Reinsurance Plc added 6.67% this week. The stock opened at N1.35 and closed at N1.44, up N0.09. Year to date, the stock is up 2.86%.

Africa Prudential Plc

Africa Prudential Plc opened at N4 and closed at N4.20, up N0.20 or 5%. Year to date, the stock is down 0.47%.

Dangote Cement Plc

Dangote Cement Plc appreciated by 5% during the week. The stock opened at N200 and closed at N210, up N10. Year to date, the stock is down 8.70%.

Access Bank Plc

Access Bank opened at N8 and closed at N8.30, up N0.30 or 3.75%. Year to date, the stock is down 20.57%.

Champion Breweries Plc

Champion Breweries added 3.70% during the week. The stock opened at N1.62 and closed at N1.68, up N0.06. Year to date, the stock is down 19.23%.

Cadbury Nigeria Plc

Cadbury Nigeria Plc opened at N9.50 and closed at N9.80, up N0.30 or 3.16%. Year to date, the stock is down 37.46%.

Zenith Bank Plc

Zenith Bank appreciated by 3.15% this week. The stock opened at N22.20 and closed at N22.90, up N0.70. Year to date, the stock is down 10.69%.

The bank this week released its results for the 9 months ended September 30, 2018. Gross Earnings fell from N531 billion in 2017 to N474 billion in 2018. Profit before tax however increased from N152 billion in 2017 to N167 billion in 2018. Profit after tax also increased from N129 billion in 2017 to N144 billion in 2018.

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Top Losers

Cutix Plc

Cutix Plc declined by 42.82% this week. The stock opened at N3.90 and closed at N2.23, down N1.67. The sharp decline is largely due to its being marked down for a one for one bonus and dividend payment of N0.20. Ex mark down price was N1.85.
Year to date, the stock is up 10.95%.

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Niger Insurance Plc

Niger Insurance opened at N0.33 and closed at N0.28, down N0.05 or 15.15%. Year to date, the stock is down 44%.

Universal Insurance Plc

Universal Insurance Plc shed 13.04% this week. The stock opened at N0.23 and closed at N0.20, down N0.03. Year to date, the stock is down 60%.

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Japaul Oil and Maritime Plc

Japaul Oil and Maritime Plc opened at N0.24 and closed at N0.21, down N0.03 or 12.50%. Year to date, the stock is down 28%.

Sovereign Trust Insurance Plc

Sovereign Trust Insurance opened at N0.24 and closed at N0.21, down N0.03, or 12.50%. Year to date, the stock is down 58%.

Pharma Deko Plc

Pharma Deko Plc opened at N1.90 and closed at N1.68, down N0.22 or 11.58%. Year to date, the stock is down 28.81%.

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Beta Glass Plc

Beta Glass declined by 10% this week. The stock opened at N78 and closed at N70.20, down N7.80. Year to date, the stock is up 36.82%.

Fidson Healthcare Plc

Fidson Healthcare Plc shed 10% this week. The stock opened at N6.00 and closed at N5.40, down N0.60. Year to date, the stock is up 45.95%.

Julius Berger Plc

Julius Berger Plc opened at N23.90 and closed at N21.55, down N2.35 or 9.83%. Year to date, the stock is down 23.04% and is trading at a year low.

C&I Leasing Plc

C&I Leasing Plc rounds up the top 10 losers for the week. The stock opened at N3 and closed at N2.71, down N0.29 or 9.67%. Year to date, the stock is up 110%.

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Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training.He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE).He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy.You can contact him via [email protected]

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