The Nigerian Stock Exchange continued the bearish trend seen last week. The All Share Index closed at 30,614.73 basis points, down 0.82%. Year to date, the index is down 19.95%.
Top Gainers and Losers
Transnationwide Express was the best performing stock today. The stock gained 8.47% to close at N0.64. Forte Oil was next with a 6.39% gain to close at N19.15. Vitafoam Plc rounds up the top three gainers for the day. The stock appreciated by 5.52% to close at N3.44.
On the flip side, Livestock Feeds was the worst performing stock today. The stock shed 9.62% to close at a year low of N0.47. Cornerstone Insurance Plc was next declining by 9.09% to close at N0.20. Mutual Benefits Insurance fell by 8.70% to close at N0.21.
Top Trades by Volume
Diamond Bank was the most actively traded stock by volume today. 44.9 million shares valued at N45.5 million were traded in 346 deals. FBN Holdings was next with 28.1 million shares valued at N211 million traded in 179 deals.
Sterling Bank rounds up the top three gainers with 15.4 million shares valued at N25.4 million traded in 185 deals.
Corporate Actions
Sunu Assurances Plc
Sunu Assurances Plc has announced the resignation of its Managing Director, Moruf Apampa, effective 30th of November, 2018. Samuel Ogbodu the company’s Executive Director, Technical and Operation have been appointed as Acting Managing Director. The board of directors will appoint a substantive managing director within 90 days.
NPF Microfinance Bank
NPF Microfinance Bank released its results for the nine months ended September 30, 2018. Gross Earnings increased from N2.5 billion in 2017 to N2.7 billion in 2018. Profit before tax, however, fell from N747 million in 2017 to N487 million in 2018.
