The Nigerian Stock Exchange ended in the red, for the second day in a row. The All Share Index closed at 31,037.72 basis points, down 2.07%. Year to date, the index is down 19.2%
Top Gainers and Losers
Sovereign Trust Insurance was the best performing stock today. The stock gained 10% to close at N0.22. Diamond Ban was next, adding 9.94% to close at N1.99. UAC Property Development Company was next with a 9.77% gain to close at N1.91
On the flip side, Ikeja Hotel was the worst performing stock today. The stock shed 10% to close at N1.53. Learn Africa was next with a 9.93% decline, closing at N1.36 UAC of Nigeria rounds up the top three losers for today, with a 9.72% drop to close at N9.75.
Top Trades by Volume
Wema Bank was the most actively traded stock today. 657 million shares valued at N335 million were traded in 41 deals. NEM Insurance was next with 355 million shares valued at N960 million traded in 17 deals. Medview Air rounds up the top three gainers with 76 million shares valued at N152 million traded in 3 deals.
Corporate Actions
John Holt Plc released its results for the nine months ended September 30, 2018. Revenue increased from N2.2 billion in 2017 to N2.6 billion in 2018. The company made a profit before tax of N160 million as against a loss before tax of N223 million recorded in 2017. Profit after tax stood at N165 million as against a loss after tax of N728 million made in 2017.
PZ Cussons Nigeria
PZ Cussons Nigeria released its results for the half year ended November 2018. Turnover dropped from N41.1 billion in 2017 to N35 billion in 2018. Profit before tax jumped from N868 million in 2017 to N1.3 billion in 2018. Profit after tax also rose from N589 million in 2017 to N1.2 billion in 2018.
