This week was a bearish one on the Nigerian Stock Exchange, as the All Share Index opened at 32,058.28 basis points and closed at 31,678.70 points, down 379.58 basis points or 1.18%. Year to date, the index is down 17.17%.
30 equities appreciated in price during the week, higher than 24 in the previous week. 24 equities depreciated in price, lower than 36 in the previous week, while 115 equities remained unchanged higher than one hundred and nine (109) equities recorded in the preceding week.
Gainers
Prestige Assurance Plc
Prestige Assurance was the best performing stock this week. The stock opened at N0.56 and closed at N0.79, up N0.23 or 41.07%. Year to date, the stock is up 58%
PZ Cussons Nigeria Plc
PZ Cussons Nigeria appreciated by 18.33% this week. The stock opened at N9 and closed at N10.65, up N1.65. Year to date the stock is down 48.30%.
Consolidated Hallmark Insurance Plc
Consolidated Hallmark Insurance opened at N0.33 and closed at N0.38, up N0.05 or 15.15%. Year to date, the stock is down 24%.
Flour Mills Nigeria Plc
Flour Mills of Nigeria Plc opened at N17.20 and closed at N19.80, up N2.60 or 15.12%. Year to date, the stock is down 31.72%.
NPF Microfinance Bank Plc
NPF Microfinance Bank gained 12.50% this week. The stock opened at N1.36 and closed at N1.53, up N0.17. Year to date, the stock is up 22.40%.
11 Plc
11 Plc (pronounced double one) opened at N150 and closed at N165, up N15 or 10%. Year to date, the stock is down 15.21%.
The company this week announced a partnership with Air BP on the sale of aviation fuel, after a 5 year absence.
GSK Consumer Plc
GlaxoSmithKline Consumer Nigeria Plc gained 9.96% this week. The stock opened at N12 and closed at N13.25, up N1.20. Year to date, the stock is down 38.6%.
CAP Plc
CAP Plc opened at N26.60 and closed at N29.20, up N2.60 or 9.77%. Year to date the stock is down 14.12%
UACN Property Development Company
UACN Property Development Company opened at N1.44 and closed at N1.57, up N0.13 or 9.03%. Year to date, the stock is down 43.73%.
The company held its annual general meeting, this week.
Veritas Kapital Assurance Plc
Veritas Kapital Assurance rounds up the top 10 gainers for the week. The stock gained 8.70% this week, opening at N0.23 and closing at N0.25, up N0.02.
Losers
Ikeja Hotels Plc
Ikeja Hotels Plc was the worst performing stock this week, shedding 18.54%. The stock opened at N2.05 and closed at a year low of N1.67, down N0.38. Year to date, the stock is down 6.18%.
The company this week issued a press release, stating that OMA investments Limited had increased its stake in the firm, and was now the single largest individual shareholder. The release was in response to an article by Nairametrics.
Lafarge Africa Plc
Lafarge Africa Plc shed 12.50%. The stock opened at N16 and closed at N14, down N2. Year to date, the stock is down 68.81% and is trading at a 5 year low.
Jaiz Bank Plc
Jaiz Bank Plc opened at N0.45 and closed at N0.41, down N0.04 or 8.89%. Year to date, the stock is down 34.92%.
Law Union and Rock Insurance Plc
Law Union and Rock Insurance declined by 8.77%. The stock opened at N0.57 and closed at N0.52, down N0.05. Year to date, the stock is down 32.47%.
Unity Bank Plc
Unity Bank Plc opened at N0.93 and closed at N0.85, down N0.08 or 8.60%. Year to date, the stock is up 60.38%.
The bank this week announced it would hold its 12th Annual General Meeting (AGM) on the 17th of December, 2018. Venue is the Ibom Hotel and Golf Resort, Akwa Ibom State.
AG Leventis Plc
AG Leventis Plc opened at N0.36 and closed at N0.33, down N0.03 or 8.33%. Year to date, the stock is down 52.86%, and is trading at a year low.
Mutual Benefits Assurance Plc
Mutual Benefits Assurance Plc shed 8% this week. The stock opened at 0.25 and closed at N0.23, down N0.02. Year to date, the stock is down 54% and is trading at a year low.
Forte Oil Plc
Forte Oil Plc opened at N20.60 and closed at N19.20, down N1.40 or 6.80%. Year to date, the stock is down 55.84%.
Presco Plc
Presco Plc opened at N66.25 and closed at N62.15, down N4.10 or 6.19%. Year to date, the stock is down 9.27%.
Wapic Insurance Plc
Wapic Insurance Plc rounds up the top 10 losers for the week. The stock shed 4.76% this week, opening at N0.42 and closed at N0.40, down N0.02. Year to date, the stock is down 20%.
