The Nigerian Stock Exchange closed the first trading day of the week on a negative note. The All Share Index fell by 0.24% to close at 32,048.18 basis points. year to date, the index is down 16.20%
Top Gainers and Losers
Cadbury was the best performing stock today. The stock gained 10% to close at N9.90. UACN also appreciated by 10% to close at N9.90. Presco Plc which was the best performing stock last week added 9.86% to close at N65.75.
On the flip side, Cement Company of Northern Nigeria (CCNN) Plc closed at N18.35, down 9.38%. Northern Nigeria Flour Mills declined by 9.35% to close at N4.85. Prestige Assurance fell by 8.93% to close at N0.51.
Top Trades by Volume
The three most actively traded stocks came from the financial services sector.
Access Bank was the most actively traded stock today. 18.8 million shares valued at N156 million were traded in 121 deals. FCMB was next with 14.5 million shares valued at N22.8 million traded in 77 deals. Guaranty Trust Bank rounds up the top three actively traded, with 13.1million shares valued at N498 million traded in 154 deals.
Corporate Actions
CWG Group Plc has released its results for the nine months ended September 30, 2018. Revenue fell from N6.4 billion in 2017 to N5.1 billion in 2018. Profit before tax jumped from N36.6 million in 2017 to N397 million in 2018. Profit after tax also surged from N28.7 million in 2017 to N397 million in 2018.
