Home FEATURED Diamond Bank tops gainers chart for the week

Diamond Bank tops gainers chart for the week

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The Nigerian Stock Exchange (NSE) closed the week on a positive note as the All Share Index opened at 32,841.69 basis points and closed at 32,907.33, up 0.20%.

26 equities appreciated in price during the week, higher than 20 in the previous week. 42 equities depreciated in price, unchanged from the prior week, while 101 equities remained unchanged lower than the 107 equities recorded in the preceding week.

Top Gainers

Diamond Bank Plc

Diamond Bank was the best performing stock this week. The stock opened at ₦1.20 and closed at ₦1.44, up ₦0.24 or 20%. Year to date, the stock is down 4%.

The movement in the stock’s price was largely due to reports of new key investors taking up a stake.A claim which the bank has since debunked.

The bank also released its results for the third quarter ended September 30, 2018.

Gross earnings for the group dropped from ₦143 billion in 2017 to ₦142 billion in the year under review. Profit before tax also fell from ₦4.7 billion in 2017 to ₦3.08 billion. Profit after tax also dipped from ₦3.9 billion in 2017 to ₦1.6 billion.

Law Union and Rock Insurance Plc

Law Union and Rock Insurance opened at ₦0.50 and closed at ₦0.58, up ₦0.08 or 16%. Year to date, the stock is down 24.68%.

Fidelity bank Plc

Fidelity Bank Plc gained 10.58% this week. The stock opened at ₦1.89 and closed at ₦2.09, up ₦0.20. The bank this week released its results for the 9 months ended September 30, 2018.

Coronation Research

Gross earnings increased from ₦130 billion in 2017 to ₦139 billion in 2018. This amounts to a 6.9% year on year.

Coronation Research

Profit before tax increased from ₦16.2 billion in 2017 to ₦20.6 billion in 2018. Profit after tax increased from ₦14.4 billion in 2017 to ₦17.8 billion in 2018.

Royal Exchange Plc

Royal Exchange Plc opened at ₦0.20 and closed at ₦0.22, up ₦0.02 or 10%. Year to date, the stock is down 56%.

Julius Berger Plc

Julius Berger Plc appreciated by 9.98% this week. The stock opened at ₦21.55 and closed at ₦23.70, up 9.98%.

This week, the construction giant released its results for the 9 months ended September 30, 2018. Revenue increased from ₦105 billion in 2017 to ₦118 billion in 2018. Profit before tax jumped from ₦81.5 million in 2017 to ₦5 billion in 2018. The firm made a profit after tax of ₦3.4 billion in 2018, as against a loss after tax of ₦349 million in 2017.

Total Nigeria Plc

Total Nigeria Plc opened at ₦183 and closed at ₦198, up ₦15 or 8.20%. Year to date, the stock is down 13.89%.

This week, the company released its results for the 9 months ended September 30, 2018 and declared an interim dividend of ₦13 per share.

Revenue increased from ₦221 billion in 2017 to ₦226 billion in 2018. Profit before tax rose from ₦9.6 billion in 2017 to ₦11.4 billion in 2018. Profit after tax also rose from ₦5.9 billion in 2017 to ₦7.9 billion in 2018.

UACN Property Development Company Plc (UPDC)

UPDC opened at ₦1.64 and closed at ₦1.77, up ₦0.13 or 7.93%. Year to date, the stock is down 36.56%.

Consolidated Hallmark Insurance Plc

Consolidated Hallmark Insurance opened at ₦0.28 and closed at ₦0.30, up ₦0.02 or 7.14%. Year to date, the stock is down by 40%.

Union Diagnostic and Clinical Services Plc

Union Diagnostic and Clinical Services Plc also gained ₦0.02 or 7.14% this week. The stock opened at ₦0.28 and closed at ₦0.30. Year to date, the stock is down by 40%.

Custodian Investment Plc

Custodian Investment Plc opened at ₦5.10 and closed at ₦5.40, up ₦0.30 or 5.88%. Year to date, the stock is up 38.82%.

This week, the company released its results for the period ended September 30, 2018.

Gross revenue increased from ₦31.8 billion in 2017 to ₦36.6 billion in 2018. Profit before tax rose from ₦6 billion in 2017 to ₦6.8 billion in 2018. Profit after tax also increased from ₦4.6 billion in 2017 to ₦5.1 billion in 2018.

Top Losers

McNichols Plc

McNichols Plc was the worst performing stock this week. The stock depreciated by 30.51% this week, opening at ₦0.59 and closing at ₦0.41. Year to date, the stock is down 65.83%, and is at a year low.

Lafarge Africa Plc

Lafarge Africa Plc opened at ₦21 and closed at ₦18.25, down 2.75 or 13.10%. Year to date, the stock is down 59.35% and is at a year low.

Beta Glass Plc

Beta Glass Plc fell by 11.54% this week. The stock opened at ₦70.20 and closed at ₦62.10. Year to date, however, the stock is up 21.03%.

Portland Paints and Products Nigeria Plc

Portland Paints and Products Nigeria Plc opened at ₦2.80 and closed at ₦2.52, down ₦0.28. Year to date, the stock is up 14.5%.

The company this week released its results for the third quarter ended September 30, 2018. Revenue increased from ₦1.6 billion in 2017 to ₦1.9 billion in 2018. Profit before tax jumped from ₦70.2 million in 2017 to ₦185 million in 2018. Profit after tax also rose from ₦47 million in 2017 to ₦126 million in 2018.

Veritas Kapital Assurance Plc

Veritas Kapital Assurance Plc shed 10% this week. The stock opened at ₦0.30 and closed at ₦0.27, down ₦0.03. Year to date, the stock is down 46%.

AG Leventis Plc

AG Leventis Plc also declined by 10% this week. The stock opened at ₦0.40 and closed at ₦0.36, down ₦0.04. Year to date, the stock is down 48.57% and is trading at a year low.

Neimeth International Pharmaceuticals Plc

Neimeth International Pharmaceuticals Plc opened at ₦0.60 and closed at ₦0.54, down ₦0.06 or 10%. Year to date, the stock is down 28%.

UPDC Real Estate Investment Trust

UPDC Real Estate Investment Trust opened at ₦9 and closed at ₦8.10, down ₦0.90 or 10%. Year to date, the REIT is down 19% and trading at a year low.

Northern Nigeria Flour Mills

Northern Nigeria Flour Mills opened at ₦5.90 and closed at ₦5.35, down ₦0.65 or 9.37%  Year to date, the stock is down 6.14% and is trading at a year low.

Cutix Plc

Cutix Plc shed 8.97% this week. The stock opened at ₦2.23 and closed at ₦2.03, down ₦0.20 or 8.97%. Year to date, the stock is up 1%.

 

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