The Nigerian Stock Exchange closed in the positive territory this week, as the All Share Index opened at 30,672.79 basis points and closed at 30,773.64 basis points. Year to date, the index is down 19.53%.
49 equities appreciated in price during the week, higher than 34 in the previous week. 23 equities depreciated in price, lower than 37 of the previous week, while 97 equities remained unchanged, lower than 98 equities recorded in the preceding week.
Top Gainers
Diamond Bank Plc
Diamond Bank was the best performing stock this week, appreciating by 57.89%. The stock opened at ₦0.95 and closed at ₦1.50. Year to date, the stock is down 4.4%.
The rally in the company’s share price is largely due to news of its merger plans with tier one lender, Access Bank Plc.
Access Bank will be paying ₦1 per share, and 2 new Access Bank shares for every 7 Diamond Bank shares that they own.
Unity Bank Plc
Unity Bank Plc opened at ₦0.69 and closed at ₦0.96, up ₦0.27 or 39.13%. Year to date, the stock is up 81.13% and is the best performing bank stock.
Neimeth International Pharmaceuticals Plc
Neimeth International Pharmaceuticals Plc rose by 31.67% this week. The stock opened at ₦0.60 and closed at ₦0.79, up ₦0.19.
The uptick in the stock’s price is largely due to positive full year results released this week.
Turnover increased from ₦1.53 billion in 2016 to ₦2.27 billion in 2017. Profit before tax stood at ₦202 million from a loss of ₦404 million in 2017 while profit after tax stood at ₦184 million as against a loss of ₦411 million in 2017.
The company also declared a 1 for 10 bonus.
NEM Insurance Plc
NEM Insurance opened at ₦2.30 and closed at ₦2.78, up ₦0.48 or 20.87%. Year to date, the stock is up 67.47%.
Forte Oil Plc
Forte Oil Plc gained 18.05% this week. The stock opened at ₦24.10 and closed at ₦28.45, up ₦4.35. Year to date, the stock is down 34.57%.
11 Plc
11 Plc (formerly known as Mobil Oil Nigeria) opened at ₦156.10 and closed at ₦184.80, up ₦28.20 or 18.01%. Year to date, the stock is down 5.04%.
UAC Property Development Company Plc
UPDC opened at ₦1.48 this week, and closed at ₦1.74, up ₦0.26 or 17.57%. Year to date, the stock is down 37.63%.
Cement Company of Northern Nigeria Plc
Cement Company of Northern Nigeria Plc appreciated by 13.18% this week. The stock opened at ₦15.70 and closed at ₦17.80, up ₦2.10. Year to date, the stock is up 87.37% and is the best performing cement stock.
Honeywell Flour Mills Plc
Honeywell Flour Mills gained 12.61% this week. The stock opened at ₦1.11 and closed at ₦1.25, up ₦0.14. Year to date, the stock is down 40.48%.
Vitafoam Nigeria Plc
Vitafoam Nigeria Plc rounds up the top 10 gainers for the week. The stock opened at ₦3.44 and closed at ₦3.80, up ₦0.36 or 10.47%. Year to date, the stock is up 26.67%.
Top Losers
Ikeja Hotels Plc
Ikeja Hotels Plc shed 9.63% this week. The stock opened at ₦1.87 and closed at ₦1.69, down ₦0.18.
Japaul Oil and Maritime Services Plc
The stock shed 9.09% this week. It opened at ₦0.22 and closed at ₦0.20, down ₦0.02. Year to date, the stock is down 60%.
Union Bank Plc
Union Bank Plc opened at ₦6.10 and closed at ₦5.60, down ₦0.50 or 8.20%. Year to date, the stock is down 28.21%.
Veritas Kapital Assurance Plc
Veritas Kapital Assurance Plc shed 8% this week. The stock opened at ₦0.25 and closed at ₦0.23, down ₦0.02. Year to date, the stock is down 54%.
Abbey Mortgage Bank Plc
Abbey Mortgage Bank Plc opened at ₦1 and closed at ₦0.98, down ₦0.02 or 7.55%. Year to date, the stock is down 24.62% and is trading at a 5 year low.
CAP Plc
CAP Plc declined by 6.44% this week. The stock opened at ₦37.25 and closed at ₦34.85, down ₦2.40. Year to date, the stock is up 2.50%.
John Holt Plc
John Holt Plc opened at ₦0.48 and closed at ₦0.45, down ₦0.03 or 6.25%. Year to date, the stock is down 10%.
AIICO Insurance Plc
AIICO Insurance opened at ₦0.69 and closed at ₦0.65, down ₦0.04 or 5.80%. Year to date, the stock is up 25%.
Access Bank Plc
Access Bank rounds up the top ten losers for this week. The stock opened at ₦7.45 and closed at ₦7.05, down ₦0.40 or 5.37%. Year to date, the stock is down 32.54%.
Ecobank Trans International
Ecobank Trans International rounds up the top losers for the week. The stock shed 5% opening at ₦15 and closing at ₦14.25, down ₦0.75. Year to date, the stock is down 16.18%.
