This week was a bearish one on the Nigerian Stock Exchange. The All Share Index opened at 32,907.33 basis points and closed at 32,124.94 basis points, down 2.38%. Year to date, the index is down 16%.
18 equities appreciated in price during the week, lower than 26 in the previous week. 50 equities depreciated in price, higher than 42 of the previous week. 101 equities remained unchanged the same with the prior week.
Gainers
Presco Plc
Presco Plc was the best performing stock this week. The stock opened at N53 and closed at N59.85, up 12.92% or N6.85. Year to date, the stock is down 12.63%.
Neimeth International Pharmaceuticals Plc
Neimeth International Pharmaceuticals Plc opened at N0.54 and closed at N0.60, up N0.06 or 11.11%. Year to date, the stock is down 20%.
Consolidated Hallmark Insurance Plc
Consolidated Hallmark Insurance gained 10% this week. The stock opened at N0.30 and closed at N0.33, up N0.03. Year to date, the stock is down 34%.
Newrest ASL Plc
Newrest ASL Plc opened at N6 and closed at N6.60, up N0.60 or 10%. Year to date, the stock is up 10.92% and is trading at a year high.
C&I Leasing Plc
C&I Leasing Plc gained 9.80%. The stock opened at N2.55 and closed at N2.80, up N0.25. Year to date, the stock is up 117.05%, and is one of the best performing on the NSE year to date.
Livestock Feeds Plc
Livestock Feeds Plc appreciated by 9.62% this week. The stock opened at N0.52 and closed at N0.57, up N0.05. Year to date, the stock is down 31.33%.
International Breweries Plc
International Breweries Plc opened at N31 and closed at N33.55, up N2.55 or 8.23%. Year to date, the stock is down 38.44%.
Learn Africa Plc
Learn Africa Plc added 7.27%. The stock opened at N1.10 and closed at N1.18, up N0.08. Year to date, the stock is up 34.09%.
Mutual Benefits Assurance Plc
Mutual Benefits Assurance Plc opened at N0.28 and closed at N0.30, up N0.02. Year to date, the stock is down 40%.
Sterling Bank Plc
Sterling bank rounds up the top 10 gainers with a 6.67%. The stock opened at N1.50 and closed at N1.60, up N0.10. Year to date, the stock is up 48.15%.
Top Losers
Unity Bank Plc
Unity Bank Plc was the worst performing stock this week. The stock opened at N0.90 and closed at N0.71, down N0.19. Year to date, the stock is up 33.96%.
The bank was briefly suspended this week by the NSE for non submission of its results when due. On Friday, it finally released its FY 2017 and first, second, and third quarter 2018 results. The NSE lifted the suspension, in turn.
Dangote Flour Mills
Dangote Flour Mills opened at N7.35 and closed at N5.80, down 21.09%. The decline may be in reaction to the sharp decline seen in its Q3 2018 results released this week. Year to date, the stock is down 52.5%.
Cement Company of Northern Nigeria Plc
Cement Company of Northern Nigeria Plc shed 18.84% this week. The stock opened at N24.95 and closed at N20.25, down N4.70. Year to date, the stock is up 113.16%.
Meyer Plc
Meyer Plc opened at N0.68 and closed at N0.56, down N0.12 or 17.65%.
This week, the company released its results for the third quarter ended September 30, 2018. Revenue dipped slightly from N778 million in 2017 to N752 million in 2018. The company made a profit before tax of N186 million as against a loss before tax of N156 million.
Year to date, the stock is down 20% and is trading at a year low.
Diamond Bank Plc
Diamond Bank suffered a reversal this week, in terms of pricing. The stock, which was the best performing last week (up by 20%), shed most of its gains.
The stock opened at N1.44 and closed at N1.20, down N0.24, or 16.67%. Year to date, the stock is down 20%.
The uptick in price last week was due to news of new investors, taking up a stake. The bank has since debunked the reports, but they remain persistent.
FBN Holdings
FBN Holdings fell by 15% this week. The stock opened at N9 and closed at N7.65, down N1.35. Year to date, the stock is down 13.07% and trading at a year low.
Fidson Healthcare Plc
Fidson Healthcare Plc opened at N5.40 and closed at N4.60, down N0.80 or 14.81%. Year to date, the stock is up 24.32%.
Niger Insurance Plc
Niger Insurance Plc shed 14.29% this week. The stock opened at N0.28 and closed at N0.24, down N0.04.
PZ Cussons Nigeria Plc
Fast Moving Consumer Goods giant, PZ Cussons, declined by 13.04% this week. The stock opened at N11.50 and closed at a 5 year low of N10. Year to date, the stock is down 51.46%.
Eterna Plc
Eterna Plc opened at N6.20 and closed at N5.45, down N0.75 or 12.10%. Year to date, the stock is up 34.24%.
