This week was a slightly bearish one on the Nigerian Stock Exchange, as the All Share Index closed at 30,866.82 basis points, down 0.02%.
30 equities appreciated in price during the week, higher than 25 in the previous week. 38 equities depreciated in price, lower than 41 of the previous week, while 101 equities remained unchanged, lower than 103 equities recorded in the preceding week.
Diamond Bank Plc
Diamond Bank was the best performing stock this week on the Nigerian Stock Exchange. The stock opened at N0.65 and closed at N1.02, up 56.92%. Year to date, the stock however remains in the red, down 32%.
Ikeja Hotels Plc
Ikeja Hotels came a distant second. The stock gained 11.31% this week, opening at N1.68 and closing at N1.97, up N0.19. Year to date, the stock is up 5.06%.
AIICO Insurance Plc
AIICO Insurance appreciated by 11.11% this week. The stock opened at N0.63 and closed at N0.70. Year to date, the stock is up 34.62%.
Jaiz Bank Plc
Jaiz Bank Plc opened at N0.40 and closed at N0.44, up N0.04 or 10%. Year to date, the stock is down 30.16%.
Champion Breweries Plc
Champion Breweries gained 9.66% this week. The stock opened at N1.45 and closed at N1.59, up N0.14. Year to date, the stock is down 23.56%.
Oando Plc opened at N4.70 and closed at N5.15 up N0.45 or 9.57%. Year to date, the stock is down 14.02%
Learn Africa Plc
Learn Africa Plc opened at N1.16 and closed at N1.26, up N0.10 or 8.62%. Year to date, the stock is up 43.1%
Cutix Plc added 8.24% in this week’s trading. The stock opened at N1.82 and closed at N1.97, up N0.15. Year to date, the stock is down 1.99%.
Wema Bank Plc
Tier two lender, Wema Bank, opened at N0.51 and closed at N0.55, up N0.04 or 7.84%. Year to date, the stock is up 5.77%.
FBN Holdings Plc
FBN Holdings rounds up the top ten gainers for the week. The stock gained 7.04%, opening at N7.10 and closing at N7.60, up N0.50. Year to date, the stock is down 13.64%.
Continental Reinsurance Plc
Continental Reinsurance Plc was the worst performing stock this week. The stock shed 12.50%, opening at N2 and closing at N1.75, down N0.25. Year to date the stock is up 25%.
Trading in the stock has been volatile since a potential acquisition bid was announced.
Prestige Assurance Plc
Prestige Assurance Plc opened at N0.55 and closed at N0.49, down N0.06 or 10.1%. Year to date, the stock is down 2%.
Newrest ASL Nigeria Plc
Newrest ASL declined by 10% this week. The stock opened at N7 and closed at N6.30, down N0.70.
MRS Oil Nigeria
MRS Oil Nigeria opened at N38.55 and closed at N25.70, down N2.85 or 9.98%. MRS was Nairametrics’ stock pick for the week. Year to date, the stock is down 6.41%.
SCOA Nigeria Plc
The conglomerate opened at N3.25 and closed at N2.93, down N0.32 or 9.85%. Year to date, the stock is down 9.85%.
Northern Nigeria Flour Mills
Northern Nigeria Flour Mills (a subsidiary of Flour Mills of Nigeria Plc) shed 9.43%. The stock opened at N5.30 and closed at N4.80, down N0.50. Year to date, the stock is down 15.79%
Trans–Nationwide Express Plc
Trans-Nationwide Express declined by 9.23% this week. The stock opened at N0.65 and closed at N0.59, down N0.06 or 9.23%. Year to date, the stock is down 24.36%.
First Aluminum Nigeria Plc
First Aluminum Plc opened at N0.33 and closed at N0.30, down N0.03 or 9.09%. Year to date, the stock is down 40%.
Niger Insurance Plc
Niger Insurance declined by 9.09% this week. The stock opened at N0.22 and closed at N0.20, down N0.02. Year to date, the stock Is down 60%.
Cement Company of Northern Nigeria Plc
Cement Company of Northern Nigeria rounds up the top 10 losers for the week. The stock opened at N18 and closed at N16.50, down N1.50 or 8.33%. Year to date, the stock is up 73.68%. CC