Custodian Investment falls sharply in today’s trading

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The Nigerian Stock Exchange closed today’s trading session in positive territory for the third day in a row. The All Share Index ended today’s trading session at 30,821.80 basis points, up 0.16%. Year to date, the index is down 1.97%

Top Gainers and Losers 

Bua group

Learn Africa Plc was the best performing stock today. The stock gained 9.49% to close at N1.50. Regency AllianInsurancence Plc was next, appreciating by 9.09% to close at N0.24. Mc Nichols Plc rounds up the top three gainers for today, appreciating by 7.69% to close at N0.42

On the flip side, Custodian Investment Plc was the worst performing stock today. The stock shed 8.82% to close at N6.20. Guinea Insurance Plc was next declining by 8.70% to close at N0.21. Consolidated Hallmark Insurance Plc shed 6.45% to close at N0.29, declining after two days of gains.

Top Trades by Volume 

FBN Holdings Plc was the most actively traded stock today. 88.5 million shares valued at N659 million were traded in 223 deals. Zenith Bank Plc was next with 55.7 million shares valued at N1.2 billion traded in 373 deals. Japaul Oil and Maritime Plc makes a surprise entry into the top trades by volume. 36.1 million shares valued at N7.2 million traded in 11 deals.

Corporate Actions

NAHCO makes board appointments

NAHCO Plc in a notice today, announced several appointments to its board. Tajudeen Shobayo and Solagbade Alabi were appointed Non-Executive Directors effective 29th January 2019. The duo will replace Solomon Adeusi and Olatokunbo Fagbemi who is currently the Acting Group Managing Director of the company.

Olumuyiwa Ogunmekun has been appointed Executive Director effective 11th of February 2019.

Greif Nigeria Plc 

Grief Nigeria Plc, today released its results for the financial year ended October 2018 and announced the suspension of operations in the country.

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