Unity Bank

The Nigerian Stock Exchange closed on a negative note today as the All Share Index fell by 0.06% to close at 32,133.58 basis points. Year to date, the index is down 15.98%

Top Gainers and Losers 

Unity Bank Plc was the best performing stock, for the second day in a row. The stock gained 8.97% to close at N0.85. Honeywell Flour appreciated by 6% to close at N1.06. Law Union and Rock Insurance rounds up the top three gainers with a 5.77% gain to close at N0.55.

On the flip side, Diamond Bank Plc was the worst performing stock in today’s trading session. The stock declined by 9.52% to close at N0.95.  Eterna Oil Plc fell by 9.17% to close at N4.95. Jaiz Bank Plc rounds up the top three losers with a 9.09% decline to close at N0.40.

Top Trades by volume  

FBN Holdings was the most actively traded stock today. 72 million shares valued at N541 million where traded in 327 deals. Diamond Bank was next with 29.6 million shares valued at N28.1 million traded in 101 deals. Access Bank rounds up the top three with 22.3 million shares valued at N176 million traded in 135 deal.

Corporate Actions

Goldlink Insurance Plc 

Goldlink Insurance Plc today held an emergency board meeting to approve the company’s 2017 audited financial statements. The statements will be forwarded to industry regulator after approval by the board.

Seplat Petroleum Development Company

The company today announced the following currency exchange rates will be applicable in determination of the Q3 2018 interim dividend payment to any shareholders that qualify for and have elected to receive the Q3 2018 interim dividend payment in Naira or British pounds:
Exchange Rate
                         1USD =306.20Naira
                          1USD = 0.7736GBP
The exchange rate for the Naira or pounds sterling amounts payable was determined by reference to the exchange rates applicable to the US dollar available on 13 November
2018.
The closing date for Dividend currency election to the Company’s Registrars is 28 November 2018. In the absence of a qualifying Dividend currency election by shareholders, dividends will be paid in their default currency
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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