This week was a bearish one on the Nigerian Stock Exchange as the all share index closed at 31,041.42 basis points, down 0.31%. Year to date, the index is down 1.24%.
21 equities appreciated in price during the week, lower than 32 in the previous week. 36 equities depreciated in price, lower than 38 equities of the previous week, while 111 equities remained unchanged, higher than 98 equities recorded in the preceding week.
Top Gainers
Eterna Plc
Eterna Plc was the best performing stock this week. The stock opened at N4.80 and closed at N5.30, up N0.50 or 10.42%. Year to date, the stock is up 12.77%.
Yesterday, the company released its full year audited results for the 2018 financial year. Revenue increased from N171 billion in 2017 to N253 billion in 2018. Profit before tax fell sharply from N2.8 billion in 2017 to N1.9 billion in 2018. Profit after tax also fell from N2 billion in 2017 to N1 billion in 2018.
Eterna Plc also declared a dividend of N0.25.
Red Star Express Plc
Red Star Express Plc opened the week at N5 and closed at N5.50, up N0.50 or 10%. Year to date, the stock is up 30.95%, and is trading at a year high.
Ikeja Hotel Plc
Ikeja Hotel Plc gained 9.94% this week. The stock opened at N1.71 and closed at N1.88, up N0.17 or 9.94%. Year to date, the stock is up 22.88%.
The company released its full year 2018 results during the week. Turnover increased from N12.1 billion in 2017 to N13.2 billion in 2018. Profit before tax jumped from N733 million in 2017 to N1.2 billion in 2018. Profit after tax also rose from N603 million in 2017 to N1.1 billion in 2018.
C & I Leasing Plc
C & I Leasing Plc opened the week at N7.27 and closed at N7.99, up N0.72 or 9.90%. Year to date, the stock is up 348% (due to a share reconstruction).
ABC Transport Plc
ABC Transport Plc gained 8.16% this week. The stock opened at N0.49 and closed at N0.53, up N0.04. Year to date, the stock is up 82.76%.
During the week, the company released its audited 2018 results. Revenue dipped from N7.1 billion in 2017 to N6.8 billion in 2018. Profit before tax fell from N766 million in 2017 to N67.1 million in 2018. The firm recorded a N113 million loss in 2018, as against a N513 million profit recorded in 2017.
Seplat Petroleum Development Company Plc
Seplat Petroleum opened the week at N550 and closed at N590, up N40 or 7.27%. Year to date, the stock is down 7.81%.
Medview Airline Plc
Medview Airline Plc gained 5.88%. The stock opened at N1.70 and closed at N1.80, up N0.10. Year to date, the stock is down 12.20%.
Nestle Nigeria Plc
Nestle Nigeria Plc opened the week at N1,500 and closed at N1,580, up N80. Year to date, the stock is up 6.40%.
Livestock Feeds Plc
Livestock Feeds Plc gained 5% this week. The stock opened at N0.60 and closed at N0.63, up N0.03. Year to date, the stock is up 28.57%.
The company this week released its full year 2018 results. Revenue dropped from N10.1 billion in 2017 to N7.8 billion in 2018. The company swung into a N23.1 million loss before tax, as against a N469 million profit made in 2017. However, loss after tax moderated N725 million in 2017 to N620 million in 2018.
11 Plc
11 Plc rounds up the top 10 gainers for the week. The stock opened at N170 and closed at N178, up N8 or 4.71%. Year to date, the stock is down 4.04%.
Top Losers
Fidelity Bank Plc
Fidelity Bank Plc was the worst performing stock this week, declining by 13.08%. The stock opened at N2.37 and closed at N2.06, down N0.31. Year to date, the stock is up 1.5%
This week, the bank released its audited full year 2018 results. Gross earnings increased from N180 billion in 2017 to N188 billion in 2018. Profit before tax rose from N19.2 billion in 2017 to N25 billion in 2018. Profit after tax rose from N17.7 billion in 2017 to N22 billion in 2018.
A dividend of N0.22 was initially suggested in an earlier version of its financial statements. A notice was then issued, indicating the bank would pay a much smaller sum of N0.11
Dangote Flour Mills Plc
Dangote Flour Mills opened the week at N11.60 and closed at N10.20, down N1.40 or 12.07%. Year to date, the stock is up 48.91%.
Sovereign Trust Insurance Plc
Sovereign Trust Insurance declined by 9.09% this week. The stock opened at N0.22 and closed at N0.20, down N0.02. Year to date, the stock is down 4.76%.
The company released its full year 2018 results, this week. Gross premium written increased from N8.5 billion in 2017 to N10.5 billion in 2018. Profit before tax jumped from N202 million in 2017 to N540 million in 2018. Profit after tax also rose from N157 million in 2017 to N344 million in 2018.
Mutual Benefits Assurance Plc
Mutual Benefits Assurance Plc opened the week at N0.24 and closed at N0.22, down 8.33%. Year to date, the stock is up 4.76%.
Academy Press Plc
Academy Press also declined by 8.33% this week. The stock opened at N0.36 and closed at N0.33, down N0.03. Year to date, the stock is down 34%, and is trading at an all time low.
Presco Plc
Presco Plc shed 7.72% this week. The stock opened at N68 and closed at N62.75, down N5.75. Year to date, the stock is down 1.95%.
PZ Cussons Nigeria Plc
PZ Cussons Nigeria Plc opened the week at N10.50 and closed at N9.80, down N0.70 or 6.67%. Year to date, the stock is down 19%.
The company this week released its results for the nine months ended February 2019. Turnover fell from N63.2 billion in 2017 to N55 billion in 2018. Profit before tax fell from N1.9 billion in 2018 to N936 million in 2019. Profit after tax also dropped from N1.3 billion in 2018 to N807 million in 2019.
NPF Microfinance Bank Plc
NPF Microfinance Bank shed 6.29%. The stock opened at N1.59 and closed at N1.49, down N0.10. Year to date, the stock is down 9.70%.
LASACO Assurance Plc
LASACO Assurance opened the week at N0.32 and closed at N0.30, down N0.02 or 6.25%. Year to date, the stock is flat.
Access Bank Plc
Access Bank rounds up the top 10 losers for the week. The stock shed 5.84% this week, opening at N6.85 and closing at N6.45, down N0.40. Year to date, the stock is down 5.15%.