The Nigerian Stock Exchange ended today’s trading session on a positive note. The All Share Index closed at 30,681.50 basis points, up 0.34%. Year to date, the index is down 19.14%.

Top Gainers and Losers

First Aluminum was the best performing stock today. The stock gained 10% to close at N0.33. Berger Paints also gained 10% to close at N7.15.Seplat rounds up the top three gainers appreciating by 10% to close at N594.

PZ Cussons Nigeria was the worst performing stock today, shedding 10% to close at N10.35. Sterling Bank fell by 9.05% to close at N1.81. Fidson Healthcare shed 6.12% to close at N4.60.

Top Trades by volume

FCMB was the most actively traded stock by volume. 105 million shares valued at N163 million were traded in 90 deals. UBA was next with 100 million shares valued at N761 million traded in 71 deals.

Fidson Healthcare rounds up the top three with 38 million shares valued at N174 million traded in 5 deals.

Corporate Actions

Capital Hotels Plc

Capital Hotels Plc, has provided an update to its ongoing litigation with a customer.

Business day

According to the notice, the company has obtained an order from the Court of Appeal, mandating Diamond Bank to warehouse the judgement sum of N503 million, paid into the account of Ndarani and CO, in an interest yielding account opened in the name of the registrar of the court of appeal, as a neutral stakeholder pending the hearing and determination of the appeal. 

The company had this week, sent a notice to the NSE, informing it of a garnishee court order on its account with Guaranty Trust Bank to the tune of N503 million, following a judgment granted by an FCT High Court.

Capital Hotels had been taken to court by a customer Musa Abdullahi alleging damage to his personal effects.

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Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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