The Nigerian Stock Exchange fell sharply in today’s trading session. The All Share Index closed at 30,036.15 basis points, down 1.2%. Year to date, the index is down 4.44%

Top Gainers and Losers 

John Holt Plc was the best performing stock in today’s trading session. The stock gained 9.09% to close at N0.48. Okomu Oil was next appreciating by 7.93% to close at N83.75. Union Bank rounds up the top 3 gainers adding 3.45% to close at N6.

Bua group

On the flip side, NEM Insurance was the worst performing stock today. The stock shed 9.40% to close at N2.12. Northern Nigeria Flour Mills was next, declining by 9.38% to close at N4.35. Wapic insurance rounds up the top three losers for the day, dropping by 9.09% to close at N0.40.

Top Trades by Volume  

Zenith Bank was the most actively traded stock today. 32.8 million shares valued at N679 million were traded in 710 deals. FBN Holdings was next with 27.4 million shares valued at N199 million traded in 432 deals. Transnational Corporation of Nigeria (Transcorp) rounds up the top three with 26.3 million shares valued at N31.1 million traded in 115 deals.

Corporate Action  

Lufthansa exits Nahco Plc  

Nahco Plc today released a notice informing shareholders of Godsmart Nigeria Limited acquiring the entire stake in the firm amounting to 97.4 million shares or 6% stake held by Lufthansa GMBH.

Godsmart Nigeria Limited now owns 26.95% of Nahco’ issued share capital.

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