The Nigerian Stock Exchange fell sharply in today’s trading session, after two consecutive days of gains. The All Share Index closed at 30,819.10 basis points, down 1.07%. Year to date, the index is down 19.41%
Top Gainers and Losers
Champion Breweries was the best performing stock today. The stock appreciated by 9.66%, closing at N1.59. Mutual Benefits Assurance was next gaining 9.52%, closing at N0.23. Diamond Bank rounds up the top three most traded adding 9.41% to close at N0.93
On the flip side, Niger Insurance was the worst performing stock today. The stock shed 9.09% to close at N0.20. AG Leventis was next with a 6.90% drop, to close at N0.27. LASACO Assurance rounds up the top three losers for today, shedding 6.90% to close at N0.27.
Top Trades by Volume
FBN Holdings was the most actively traded stock today. 92.4 million shares valued at N707 million were traded in 211 deals. Diamond Bank was next with 68.2 million shares valued at N461 million traded in 373 deals. Ikeja Hotel rounds up the three most actively traded stocks today. 34.4 million shares valued at N58.5 million were traded in 9 deals.
Nigerian Breweries announced several changes to its board. Samuel Bolarinde resigned from the company’s board in order to pursue other interests. Oluseyi Bickerseth and Adeyinka Aroyewun were appointed to the company’s board.
UAC of Nigeria Plc
UAC of Nigeria Plc announced the retirement of its Group Chief Executive Officer (GCEO) Abdul Bello, effective January 1st 2019. Mrs. Omolara Elemide, the Executive Director, Corporate Services, has been appointed as Acting Group CEO with effect from January 1st, 2019.