Nigerian Stock Exchange, Nigerian Stocks

The Nigerian Stock Exchange continued its bullish streak from last week. The All Share Index ended today’s trading session at 31,781.87 basis points, up 0.80%. Year to date, the index is up 1.12%.

Top Gainers and Losers 

The top three best-performing stocks all gained 10%. Cadbury gained 10% to close at N11. LASACO gained 10% to close at N0.33. Oando Plc rounds up the top three gainers, closing at N5.50.  

On the flip side, C&I Leasing was the worst performing stock. The stock shed 9.96% to close at N8.14. Medview Airlines declined by 8.11% to close at N1.70. Total Nigeria Plc rounds up the top three losers, dropping by 7.20% to close at N205.  

Top Trades by Volume  

Access Bank was the most actively traded stock today. 101 million shares valued at N700 million were traded in 326 deals. UBA was next with 69.9 million shares valued at N547 million traded in 463 deals. Diamond Bank rounds up the top three trades by volume today with 52.6 million shares valued at N125 million traded in 235 deals.  

 Corporate Actions 

Sterling Bank Plc to hold a board meeting 

Sterling Bank Plc will hold a board meeting on Tuesday the 26th of February 2019. The board will consider the bank’s audited financial statements for the 2018 financial year, as well as issues pertaining to dividends as well as date and venue of its Annual General Meeting.  

Royal Exchange Plc  

Royal Exchange Plc will hold an emergency board meeting on Thursday, February 14, 2019. The board will consider among other issues, the update on a proposed investment in the company.  

Dangote Cement fixes board meeting  

Dangote Cement Plc will hold a board meeting on Monday, February 25, 2019. Agenda is to consider the company’s full-year results. In the notice, the company also stated that the results will be submitted to the Nigerian Stock Exchange (NSE).

Access Bank adjusts EGM time  

Access Bank has moved the take off time for its Extra Ordinary General Meeting (EGM) holding on the 5th of March 2019 from 10:00AM to 1:00PM.  

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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