The Nigerian Stock Exchange ended the week on a slightly bearish note. The All Share Index opened at 31,142.72 basis points and closed at 31,139.95 basis points, down 0.01%. Year to date, the index is down 0.93%.
32 equities appreciated in price during the week, higher than 18 in the previous week. 38 equities depreciated in price, lower than 45 equities of the previous week, while 98 equities remained unchanged, lower than 105 equities recorded in the preceding week.
Mc Nichols Plc
Mc Nichols Plc was the best performing stock this week. The stock appreciated by 22.81%, opening at N0.57 and closing at N0.70, up N0.13. Year to date, the stock is up 48.94%.
Access Bank Plc
Access Bank Plc opened the week at N5.85 and closed at N6.85, up N1.05 or 18.10%. Year to date, the stock is up 0.74%
This week, the bank concluded its merger with Diamond Bank Plc having obtained final regulatory approval and a court sanction.
Dangote Flour Mills
Dangote flour mills gained 13.73% this week. The stock opened at N10.20 and closed at N11.60, up N1.40. Year to date, the stock is up 69.34%.
Fidelity Bank Plc
Fidelity Bank opened at N2.14 and closed at N2.37, up N0.34 or 10.75%. Year to date, the stock is up 16.75%.
Prestige Assurance Plc
Prestige Assurance appreciated by 10% this week. The stock opened at N0.50 and closed at N0.55, up N0.05. Year to date, the stock is up by the same margin.
Cutix Plc was the worst performing stock this week, declining by 17.78%. The stock opened at N2.25 and closed at N1.86, down N0.40. Year to date, the stock is down.
Cadbury Nigeria Plc
Cadbury Nigeria Plc opened the week at N12 and closed at N9.90, down N2.10 or 17.50%.
The company this week released its full year 2018 results. Revenue increased from N33 billion in 2017 to N35.9 billion in 2018. Profit before tax jumped from N350 million in 2017 to N1.2 billion in 2018. Profit after tax rose from N299 million in 2017 to N823 million in 2018.
The company declared a dividend of N0.25 per share.
The firm also announced the appointment of Olayimika Adeboye, as its its new Managing Director effective April 1, 2019.
Ikeja Hotel Plc
Ikeja Hotel Plc fell by 17.39% this week. The stock opened at N2.07 and closed at N1.71, down N0.37. Year to date, the stock is up 11.76%.
Royal Exchange Plc
The stock shed 17.14% this week, opening at N0.35 and closing at N0.29, down N0.06. Year to date, the stock is up 4.23%.
UPDC opened the week at N1.95 and closed at N1.70, down N0.25 or 12.82%. Year to date, the stock is down 10.99%.