NSE, Stock

The Nigerian Stock Exchange fell sharply in today’s trading session. The All Share Index closed at 31,678.70 basis points, down 0.95%. Year to date, the index is down 17.17%.

Top Gainers and Losers 

Honeywell Flour Mills was the best performing stock today. The stock closed at N1.11, up 9.90%. PZ Cussons Nigeria was next with a 9.79% appreciation, closing at N10.65. CAP rounds up the top three gainers, with a 9.77% appreciation to close at N29.20.

On the flip side, Ikeja Hotel was the worst performing stock today. The stock declined by 9.73%, to close at N1.67. Union Diagnostics and Clinical Services was next with a 7.41% drop, closing at N0.25. Cement giant, Lafarge Wapco rounds up the top three losers with a 6.67% decline, closing at N14.

Top Trades by Volume  

Diamond Bank was the most actively traded stock today. 113 million shares valued at N102 million were traded in 60 deals. Nigerian Breweries was next with 15.2 million shares valued at N1.2 billion traded in 80 deals. Zenith Bank rounds up the top three most actively traded stocks with 13.8 million shares valued at N331 million traded in 208 deals.

Corporate Actions

Unity Bank Plc 

Unity Bank Plc will hold its 12th AGM on the 17th of December 2018. Venue is the Ibom Hotel and Golf resort, Nwaniba, Akwa Ibom State.

11 Plc 

11 Plc (formerly known as Mobil Oil Nigeria) has gone into partnership with Air BP for the sale of aviation fuel. Prior to this, the company’s aviation fuel segment had been shut down for five years.

Cornerstone Insurance

Cornerstone Insurance has announced the appointment of  Chidiebere Nwokeocha as an Executive-Director.

UAC of Nigeria Plc 

UAC of Nigeria Plc has appointed Odunsi as a Non-Executive Director. He replaces Mrs Funke Ighodaro, who recently resigned from the board to take up an executive position in South Africa.

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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