Bulls take over as MRS Oil hits 5 year low

Nigerian Stock Exchange
Nigerian Stock Exchange

Trading ended on a positive note today, as the All Share Index closed at 31,007.25 basis points, up 0.68%. Year to date, the index remains in the red down 18.92%.

Top Gainers and Losers  

AXA Mansard Insurance was the best performing stock today. The stock gained 9.89% to close at N2. Diamond Bank was next with a 9.86% gain to close at N0.78. University Press Limited rounds up the top three gainers with 7.50% gain to close at N2.15.

Bua group

On the flip side, Linkage Assurance was the worst performing stock today. The stock declined by 9.86% gain to close at N0.56. Veritas Kapital Assurance shed 9.09% to close at N0.20. May and Baker rounds up the top three losers for the day with an 8% drop, to close at N2.30.

Top Trades by volume  

The top three trades by volume were from the banking sector. FBN Holdings was the most actively traded stock today. 63.9 million shares valued at N479 million were traded in 266 deals. Access Bank was next with 23.1 million shares valued at N172 million traded in 179 deals. Ecobank Trans International (ETI) rounds up the top three with 16.4 million shares valued at N263 million traded in 54 deals.

Corporate Action

Lafarge Africa Plc today announced its intention will raise N89.21billion by way of a Rights Issue at N12.00 per share, by issuing 6 new shares for every 7 shares held by shareholders at the Qualification Date, which will be announced.

Notable Event

MRS Oil Plc today hit a 5 year low of N24 per share



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