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NSE opens bullish in the aftermath of the Presidential Elections

Onome Ohwovoriole by Onome Ohwovoriole
February 25, 2019
in Markets, Stock Market
Nigerian Stock Exchange, NSE: Return of the Bulls, Bulls reign at the bourse as stocks gain N460.69 billion on Wednesday, Okomu, UACN, Ekocorp top gainers list on Friday, Stock Market closed the week bullish as ASI grew 0.94% , Investors gain N41.94 billion on Tuesday as Bulls make rebound, NSE: Bearish trade costa investors N12.2 billion on Tuesday, NEM, Mansard, First Bank lead gaining stocks as ASI grew 0.61%, Nigerian bourse breathes a sigh of relief, index up 0.17%, Bulls charged Nigerian bourse, ASI Index up 1.09% investors gain N128.49 billion, Bulls stage comeback has ASI up 0.19%, investors gain N21.86 billion, Bulls gain momentum, as stimulus package lifts global financial markets, Bulls dominate Nigerian bourse investors gain N162 billion
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The Nigerian Stock Exchange (NSE) closed today’s trading session on a positive note. The All Share Index ended today’s trading session at 32,700.12 basis points, up 0.57%. Year to date, the index is up 4.04%.

Top Gainers and Losers

Dangote Flour was the best performing stock today. The stock gained 9.95% to close at N11.05. ABC Transport was next appreciating by 9.62% to close at N0.57. Veritas Kapital rounds up the top three gainers with 9.52% to close at N0.23.

On the flip side, Union Diagnostics and Clinical Services was the worst performing stock today. The stock declined by 6.45% to close at N0.29. Total Nigeria was next, dropping 2.56% to close at N190. Cutix rounds up the top three losers, shedding 1.58% to close at N1.87.

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Top Trades by Volume

Nigerian Breweries was the most actively traded stock today. 42.7 million shares valued at N3.5 billion were traded in 78 deals.

Diamond Bank was next with 30.7 million shares valued at N75 million were traded in 63 deals.

Access Bank takes third place with 20.7 million shares valued at N131 million were traded in 206 deals.

Corporate Actions

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BOC Gases Plc will be holding a board meeting on March 12, 2019. Agenda is the consideration of the company’s full-year 2018 results and a proposed dividend.

GlaxoSmithKline

The Board of Directors of GlaxoSmithKline Consumer Nigeria plc will meet on Thursday 7th March 2019 to consider and approve the 2018 Audited Financial Statements, as well as issues pertaining to a proposed dividend and its AGM.


Follow us for Breaking News and Market Intelligence.
Tags: BOC Gases NigeriaGSK Consumer NigeriaOn the Money
Onome Ohwovoriole

Onome Ohwovoriole

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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