Gainers and Losers, Niger Insurance Plc

This week’s trading was a negative one the Nigerian Stock Exchange, as the All Share Index closed in the red, down 2.51%. The All Share Index shed 790.27 basis points, closing at 30,636.36 basis points. Year to date, the index is down 2.53%.

16 equities appreciated in price during the week, lower than 40 in the previous week. 50 equities depreciated in price, higher than 25 of the previous week, while 102 equities remained unchanged, lower than 103 equities recorded in the preceding week.

Top Gainers

ABC Transport Plc

ABC Transport Plc was the best performing stock this week. The stock opened at N0.29 and closed at N0.36, up N0.07 or 24.14%. Year to date, the stock is up by the same margin.

Mutual Benefits Assurance Plc

Mutual Benefits Assurance Plc gained 10% this week. The stock opened at N0.20 and closed at N0.22, up N0.02. Year to date, the stock is up 4.76%.

Beta Glass Plc

Beta Glass Plc appreciated by 9.09% this week. The stock opened the week at N55 and closed at N60, up N0.05. Year to date, the stock is down 12.15%.

Sterling Bank Plc

Sterling Bank Plc opened the week at N2.26 and closed the week at N2.45, up N0.19 or 8.41%. Year to date, the stock is up 28.95%.

UACN Property Development Company

UPDC gained 8.18% this week. The stock opened at N8.65 and closed at N9.20, up N0.55. Year to date, the stock is down 9.95%.

Vitafoam Nigeria Plc

Vitafoam Nigeria Plc opened the week at N4.49 and closed at N4.79, up N0.30 or 6.68%. Year to date, the stock is up 8.86%.

The company this week released its results for the first quarter ended December 2018. Revenue increased from N5 billion in 2017 to N6.3 billion in 2018. Profit before tax also rose from N258 million in 2017 to N513 million in 2018. Profit after tax jumped from N162 million in 2017 to N361 million in 2018.

Deal book 300 x 250

UACN Plc

UACN Plc gained 6.35% this week. The stock opened at N8.65 and closed at N9.20, up N0.55. Year to date, the stock is down 5.64%.

Champion Breweries Plc 

Champion Breweries Plc opened the week at N1.70 and closed at N1.80, up N0.10 or 5.88%. Year to date, the stock is down 9.55%.

Total Nigeria Plc

Total Nigeria Plc gained 4.12% this week. The stock opened at N214.50 and closed at N223.30, up 8.80%. Year to date, the stock is up 10%.

University Press Plc

University Press Plc rounds up the top 10 gainers for the week. The stock opened at N2 and closed at N2.08, up N0.08 or 4%. Year to date, the stock is down 4.59%.

Losers

Consolidated Hallmark Insurance Plc

Consolidated Hallmark Insurance Plc shed 17.14% and was the worst performing stock this week. The stock opened at N0.35, and closed at N0.32, down N0.03.

Year to date, the stock is down 23.33%.

Niger Insurance Plc 

Niger Insurance Plc opened at N0.26 and closed at N0.22, down N0.04 or 15.38%. Year to date, the stock is down 8.33%.

The insurance firm this week released its audited results for the 2018 financial year. Gross premium written fell sharply from N8.7 billion in 2017 to N4.4 billion in 2018. Profit before tax dropped from N421 million in 2017 to N303 million in 2018. Profit after tax also dropped from N389 million in 2017 to N236 million in 2018.

Dangote Flour Mills Plc

Dangote Flour Mills Plc opened the week at N6.50 and closed the week at N5.80, down N0.70 or 10.77%. Year to date, the stock is down 15.33%.

Ikeja Hotels Plc

Ikeja Hotels Plc dropped by 10.71% this week. The stock opened at N1.68 and closed at N1.50, down N0.18. Year to date, the stock is down 1.96%.

Academy Press Plc 

Academy Press Plc opened at N0.50 and closed at N0.45, down 10%. Year to date, the stock is down by the same margin, and is trading at a 5-year low.

AIICO Insurance Plc

AIICO Insurance Plc declined by 9.86% this week. The stock opened at N0.71 and closed at N0.64, up N0.07. Year to date, the stock is up 1.59%.

Newrest ASL Nigeria Plc

Newrest ASL Nigeria Plc opened the week at N7.15 and closed at N6.45, down N0.70 or 9.79%. Year to date, the stock is down 18.35%.

Berger Paints Plc

Berger Paints Plc opened the week at N7.75 and closed at N7, down N0.75 or 9.68%. Year to date, the stock is down 18.6%.

First Aluminum Plc

First Aluminum Plc opened the week at N0.35 and closed at N0.32, down N0.03 or 8.57%. Year to date, the stock is down 11.11%.

Meyer Plc

Meyer Plc rounds up the top 10 losers for the week. The stock opened at N0.59 and closed at N0.54, down N0.05 or 8.47%.

Year to date, the stock is down by the same margin.

The company this week released its results for the 2018 financial year. Revenue was flat at N1 billion in 2018, unchanged from the prior year. The company however recorded a profit before tax of N218 million in 2018 as against a loss before tax of N202 million recorded in the prior year.

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