The Nigerian Stock Exchange closed in the red for the second day in a row. The All Share Index ended today’s trading session at 31,178.71 basis points down 0.53%.
Year to date, the index is down 0.80%
Top Gainers and Losers
Redstar Express Plc was the best performing stock today. The stock gained 10% to close at N5.50. UAC Properties Plc was next appreciating by 9.55% to close at N1.72. Wapic Insurance Plc rounds up the top three gainers of the day. Gaining 7.69% to close at N0.42.
Academy Press Plc was the worst performing stock today. The stock shed 10% to close at N0.45. Neimeth International Pharmaceuticals Plc shed 10% to close at N0.63. Linkage Assurance Plc rounds up the top three losers for the day, declining by 9.68% to close at N0.56.
Top Trades by Volume
Consolidated Hallmark Insurance Plc was the most actively traded stock today. 100 million shares valued at N31.1 million were traded in 9 deals.
UBA was next with 48.8 million shares valued at N354 million traded in 300 deals.
Sterling Bank rounds up the top three most actively traded with 30.6 million shares valued at N66 million traded in 165 deals.
Corporate Actions
Chams Plc makes board changes
Chams Plc made several changes to its board of directors.
- Very Rev. Ayo Richards has resigned as Non-Executive Director and Board Chairman.
- Dr. Mrs. Dere Awosika was appointed Chairman.
- Pastor Ituah Ighodalo and Alhaji Yusuf Modibbo have been appointed Non-executive directors
- Mayowa Olaniyan and Funke Alomooluwa have been appointed executive directors.
Neimeth International Pharmaceuticals Plc
Neimeth International Pharmaceuticals has announced the appointment of Matthew Azoji as its Managing Director/Chief Executive Director. His appointment is effective February 1, 2019.
The company also released its results for the third quarter ended December 30, 2018. Turnover fell from N394 million in 2017 to N227 million in 2018. The firm recorded a loss before tax of N139 million in 2018 as at N13 million in 2017.
United Capital Plc
The company in a notice issued today stated that its board of directors would be meeting on the 15th of February 2019, to consider among other things its audited results for the 2018 financial year.
The company will also commence a closed period from the 31st of January 2019 till 24 hours after the results have been released.
