The Nigerian Stock Exchange close ended in the red today. The All Share Index closed at 33, 167.88 basis points, down 0.08%. Year to date, the index is down 13.27%.
Top Gainers and Losers
Presco Plc was the best performing stock today. The stock appreciated by 105 to close at ₦58. Stanbic IBTC was next with a 7.14% gain to close at ₦52.50. Diamond Bank rounds up the top three gainers with a 6.92% gain to close at ₦1.39.
On the flip side, Meyer Paints was the worst performing stock today. The stock declined by 9.68% to close at ₦0.56. Dangote Flour shed 9.62% to close at ₦6.65. Regency Alliance Insurance fell by 9.09% to close at ₦0.20.
Top Trades by Volume
The top three trades by volume were from the banking sector.
Guaranty Trust Bank was the most actively traded stock today. 57.6 million shares valued at ₦2.1 billion were traded in 199 deals. Sterling Bank was next with 57 million shares valued at ₦88.3 million traded in 37 deals. FCMB rounds up the top three with 10.3 million shares valued at ₦63.6 million traded in 113 deals.
Corporate Actions
Seplat Petroleum
Seplat Petroleum has released its results for the third quarter ended September 30, 2018. Revenue jumped from ₦85.1 billion in 2017 to ₦173 billion in 2018. Profit before tax stood at ₦65 billion compared to a loss before tax of ₦760 million made in 2017. Profit after tax stood at ₦27.9 billion compared to a loss after tax of ₦1.6 billion in 2017.
Nestle Nigeria Plc
Nestle Nigeria Plc has released its results for the nine months ended September 30, 2018. Revenue increased from ₦185 billion in 2017 to ₦203 billion in 2018. Profit before tax jumped from ₦34.4 billion in 2017 to ₦48 billion in 2018. Profit after tax also surged from ₦22.9 billion in 2017 to ₦33.1 billion in 2018.
Dangote Flour Mills Plc
Dangote Flour Mills Plc released its results for the nine months ended September 30, 2018. Revenue fell from ₦100.2 billion in 2017 to ₦83.2 billion n 2018. Profit before tax fell sharply from ₦18 billion in 2017 to ₦4.4 billion in 2018. Profit after tax also dropped from ₦13 billion in 2017 to ₦3.2 billion in 2018.
