bond NSE
Nigerian Stock Exchange Trading Floor

The Nigerian Stock Exchange ended the last trading session for the week and the first trading week of 2019 on a negative note. The All Share Index closed at 30,638.90 basis points, down 0.43%. Year to date, the index is down 2.54%.

Top Gainers and Losers 

University Press was the best performing stock today. The stock gained 8.63% to close at N2.14. Livestock Feeds was next, appreciating by 6.12% to close at N0.52. Sovereign Trust Insurance rounds up the top 3 with a 5% gain to close at N0.21.

On the flip side, Diamond Bank was the worst performing stock today. The stock shed 10% to close at N1.80.  BOC Gas was next with a 9.98% decline to close at N3.79. Vitafoam rounds up the top three gainers, dropping by 9.82% to close at N4.50.

Top Trades by Volume  

AIICO Insurance was the most traded stock by volume today. 82.7 million shares valued at N52.9 million were traded in 15 deals. Diamond Bank was next with 71 million shares valued at N131 million traded in 387 deals. Zenith Bank rounds the top three trades by volume with 26.3 million shares valued at N574 million traded in 453 deals.

Corporate Action

Guaranty Trust Bank

The bank’s board of directors will hold a meeting on January 30, 2019, to consider its audited financial statements for the 2018 financial year.

The bank will also commence a closed period on January 8, 2019, until when the results are released. During this time, those with access to sensitive information can not trade their shares.

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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