Chartered Institute of Stockbrokers, Nigerian Stock Exchange, NSE

The Nigerian Stock Exchange closed in the red after two positive sessions. The All Share Index closed at 32,121.74 basis points, down 0.12%. Year to date, the index is up 2.20% 

Top Gainers and Losers 

Consolidated Hallmark Insurance was the best performing stock today. The stock gained 7.69% to close at N0.28. Jaiz Bank made a surprise entry, taking the second spot. The stock gained 5% to close at N0.63. Access Bank rounds up the top three gainers appreciating by 1.67% to close at N6.10. 

On the flip side, McNichols Plc was the worst performing stock this week. The stock shed 10% to close at N0.54. E tranzact fell sharply by 9.90% to close at N2.64. CCNN rounds up the top three losers for the day, declining by 5% to close at N19. 

Top Trades by Volume 

Zenith Bank was the most actively traded stock today. 45.3 million shares valued at N1.1 billion were traded in 478 deals. Guaranty Trust Bank was next with 23 million shares valued at N872 million traded in 230 deals. Fidelity Bank rounds up the top three gainers with 20.1 million shares valued at N46.4 million traded in 161 deals.

Corporate Actions  

Nestle Nigeria Plc  

Nestle Nigeria Plc has released its results for the 2018 financial year.  Revenue increased from N244 billion in 2017 to N266 billion in 2018.

 Profit before tax rose from N46.8 billion in 2017 to N59.7 billion in 2018. Profit after tax rose from N33.7 billion in 2017 to N43 billion in 2018.  

The company has declared a final dividend of N38.50 per share.  

Multi Trex Plc 

Multi Trex Plc has released an update on its reactivation efforts. The company is close to resolving its issues with the Asset Management Company of Nigeria (AMCON) and has provided a tentative timeline for resumption of operations.  

The company also released a statement of affairs for  the 2017 financial year 

Seplat Petroleum Development Company  

Seplat Petroleum Development Company Plc has released its audited 2018 financial statements. Revenue increased from N138 billion in 2017 to N228 billion in 2018. Profit before tax jumped from N13.4 billion in 2017 to N80.6 billion in 2018. Profit after tax, however, fell from N81.1 billion in 2017 to N44.8 billion in 2018.  

The company has declared a final dividend of $0.05 per share.   

Guaranty Trust Bank  

Guaranty Trust Bank Plc has released its results for the financial year ended December 2018. Interest income dropped from N327 billion in 2017 to N306 billion in 2018.

Profit before tax, however, rose from N197 billion in 2017 to N215 billion in 2018. Profit after tax rose from N167 billion in 2017 to N184 billion in 2018.   


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