The Nigerian Stock Exchange ended the last trading day in 2018, on a positive note. The All Share Index closed at 31,430.50 basis points, in today’s trading session, up 1.27%.
Year to date, the index ended in the red, down 17.81%
Top Gainers and Losers
Vitafoam Nigeria Plc was the best performing stock today. The gained 10% to close at a year high of N4.40, as investors take position following positive FY 2018 results, and dividends declared.
Champion Breweries was next with adding 9.94% to close at N1.99. Diamond Bank gained 9.55% to close at N2.18.
On the flip side, Stanbic IBTC was the worst performing stock today. The stock shed 9.95% to close at N47.95. Forte Oil fell by 9.92% to close at N28.70. Neimeth International Pharmaceuticals rounds the top three losers for the day shedding 9.30% to close at N0.78.
Top Trades by Volume
Union Diagnostic and Clinical Services Plc was the most actively traded stock today. 267 million shares valued at N66.3 million were traded in 8 deals. Diamond Bank was next with 220 million shares valued at N476 million traded in 449 deals. NEM Insurance rounds up the top three with 145 million shares valued at N391 million traded in 16 deals.
Corporate Actions
Vitafoam Plc
Vitafoam Plc has declared a dividend of N0.25 per share for the 2018 financial year. In addition, the firm has proposed a bonus of 1 new share for every 5 shares held as at Friday 15th of February 2019. The new shares, however, will not qualify for the proposed dividend.
Shareholders register will be closed from Monday 18th to Friday 22nd of February 2019. The company will be holding its Annual General Meeting on Thursday, the 7th of March, 2019.
The company also announced the appointment of two executive directors Owoade Sola and Joseph Alegbesogie effective 18th of December, 2018.
Access Bank Plc
The board of directors will hold a board meeting on Monday, January 28, 2019. Agenda is to consider the bank’s results for the 2018 financial year, as well as other items.
A closed period will commence from January 1, 2019, till the results are released. During this time, directors and other parties with access to sensitive information, are not allowed to trade their shares.
I thought I saw a green on the equities market website.
Yes, the market closed positive today up 1.27%, but closed in the red for the year, down 17.81%.
Board meeting should be 28th January 2019 and not 2018
Thank you Sir. The error will be amended.