Red Star Express Plc cargo business
Red Star Express Plc truck

The Nigerian Stock Exchange (NSE) began the first trading day of the week on a positive note. The All Share Index closed today’s trading session at 30,745.05 basis points, up 0.32%. Year to date, the index is down 2.18%.

Top Gainers and Losers 

Redstar Express Plc was the best performing stock today. The stock gained 10% to close at N5.50. Ikeja Hotel was next appreciating by 10% to close at N1.65.

McNichols Plc rounds up the top three gainers for today. The stock added 8.33% to close at N0.39.

On the flip side, Champion Breweries was the worst performing stock today. The stock shed 10% to close at N1.62. Academy Press declined by 8.89% to close at N0.41. Unity Bank rounds up the top three losers. The stock also shed 8.89% to close at N0.82.

Top Trades by Volume  

Fidelity Bank was the most actively traded stock today. 36.6 million shares valued at N82.3 million were traded in 134 deals. Transcorp Plc was next with 34.2 million shares valued at N43.6 million were traded in 107 deals. . Diamond Bank rounds up the top three most actively traded with 29.4 million shares valued at N68 million traded in 130 deals.

Corporate Actions

Grief Plc delays FY 2018 results

The company today issued a notice stating there was a delay in the filing of its full-year 2018 results due to what its external auditors exercising due diligence in its tax issues. The company expects to file the audited results on or before the 15th of February, 2019.

A resignation  

Dangote Cement Plc announced the resignation of Olusegun Olusanya, an Independent Non-Executive director from its board. The decision was a voluntary one.

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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