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Nigerian Stock Exchange Trading Floor

The Nigerian Stock Exchange ended today’s trading week on a positive note. The All Share Index closed at 32,124.94 basis points, up 0.37%. Year to date, the index is down 16%.

Top Gainers and Losers 

Access Bank was the best performing stock today. The stock gained 5.70% to close at N8.35. Dangote Flour appreciated at 5.45%, to close at N5.80. Africa Prudential added 5.31% to close at N3.77.

On the flip side, Cement Company of Northern Nigeria (CCNN) was the biggest loser today. The stock declined by 10% to close at N20.25. NPF Microfinance Bank shed 10% to close at N1.35. Cutix Plc rounds up the top 3 losers with a 9.85% decline to close at N1.83.

Top Trades by Volume  

FCMB Plc was the most actively traded stock for the second day running with 108 million shares valued at N165 million traded in 137 deals.

FBN Holdings was next with 35.6 million shares valued at N274 million traded in 340 deals.

Fidelity Bank rounds the top 3 most actively traded stocks with 10.5 million shares valued at N21 million traded in 94 deals.

Corporate Actions 

Unity Bank 

The Nigerian Stock Exchange (NSE) today lifted a suspension it placed on Unity Bank. This was subsequent to the bank releasing its FY 2017, and Q1, Q2, and Q3 2018 results.

Global Spectrum Services Plc 

Global Spectrum Services Plc today released its results for the third quarter ended September 30, 2018. Gross earnings increased from N934 million in 2017 to N1.2 billion in 2018. Profit before tax increased from N176 million in 2017 to N189 million in 2018. Profit after tax also rose from N147 million in 2017 to N167 million in 2018.

Notable events

  • PZ Cussons Nigeria closed at a five year low of N10 in today’s trading session.
  • UAC of Nigeria Plc closed at a five year low of N9.00. The stock dipped to N8.90 in intra day trading today .
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 onome.ohwovoriole@nairametrics.com

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