The Nigerian Stock Exchange continued its decline in the month of April. The All Share Index opened at 29,616,38 basis points, and closed at 29,560.47 basis points, down 0.19%. Year to date, the index is down 5.95%.
35 equities appreciated in price during the week, higher than 14 in the previous week. 31 equities depreciated in price, lower than 55 equities of the previous week. 101 equities remained unchanged, higher than 98 equities recorded in the preceding week.
Top Gainers
Learn Africa Plc
Learn Africa Plc was the best performing stock this week, appreciating by 18.70%. It opened at N1.23 and closed at N1.46, up N0.23. Year to date, the stock is up 7.35%.
May and Baker Plc
May and Baker Plc gained 17.39% this week. The stock opened at N2.30 and closed at N2.70, up N0.40. Year to date, the stock is up 10.20%.
Chams Plc
Chams Plc has continued to rally, albeit at a much slower pace. The stock opened the week at N0.24 and closed at N0.28, up N0.04 or 16.67%. Year to date, the stock is up 40%.
Regency Alliance Insurance Plc
Regency Alliance Insurance appreciated by 13.64%. The stock opened at N0.22 and closed at N0.25, up N0.03. Year to date, the stock is up 19.05%.
The company this week released its audited 2018 financial statement.
Gross premium written increased slightly from N5.5 billion in 2017 to N5.7 billion in 2018. Profit before tax and profit after tax however declined. Profit before tax dipped from N412 million in 2017 to N373 million in 2018. Profit after tax also dipped from N275 million in 2017 to N273 million in 2018.
The company will be holding a board meeting on the 25th of April, 2019. On the agenda is consideration of Regency’s Q1 2019 results and future corporate structure of the company.
A dividend of N0.03 was declared.
Mutual Benefits Assurance Plc
Mutual Benefits Assurance appreciated by 10% this week. The stock opened at N0.20 and closed at N0.22, up N0.02 or 10%. Year to date, the stock is up 4.76%
Niger Insurance Plc
Niger Insurance also rose by the same percentage margin, gaining 10%. The stock opened at N0.20 and closed at N0.22, up N0.02 or 10%. Year to date, the stock is down 8.33%.
Veritas Kapital Assurance
Veritas rounds up the triumvirate of stocks that gained 10%. The stock opened at N0.20 and closed at N0.22, up N0.02. Year to date, the stock is down 4.35%.
Neimeth International Pharmaceuticals
Neimeth International Pharmaceuticals opened at N0.51 and closed at N0.56, up N0.05 or 9.80%. Year to date, the stock is down 28.21%.
Meyer Plc
Meyer Plc gained 9.20% this week. The stock opened at N0.54 and closed at N0.59, up N0.05. Year to date, the stock is flat.
Trans–Nationwide Express Plc
Trans–Nationwide Express rounds up the top 10 gainers on the NSE this week. The stock appreciated by 8.70%, opening at N0.69 and closing at N0.75, up N0.06. Year to date, the stock is up 15.38%.
Losers
Ikeja Hotels Plc
Ikeja Hotels Plc was the worst performing stock on the NSE this week, declining by 26.11%. The stock opened at N2.26 and closed at N167, down N0.59, Year to date, the stock is up 9.15%.
ABC Transport Plc
ABC Transport Plc opened the week at N0.48 and closed at N0.40, down N0.08 or 16.67%. Year to date, the stock is up 37.93%.
MC Nichols Plc
Mc Nichols Plc shed 14.71% this week. The stock opened at N0.68 and closed at N0.58, down N0.10. Year to date, the stock is up 23.40%.
Royal Exchange Plc
Royal Exchange Plc opened the week at N0.29 and closed at N0.25, down N0.03 or 13.79%. Year to date, the stock is up 13.64%.
NEM
NEM Insurance declined by 13.73% this week. The stock opened at N2.33 and closed at N2.01, down N0.32. Year to date, the stock is down 25.56%.
Consolidated Hallmark Insurance Plc
Consolidated Hallmark Insurance opened the week at N0.27 and closed at N0.24, down 11.11%. Year to date, the stock is down 36.84%.
Cutix
Cutix Plc shed 10.56% this week. The stock opened at N1.80 and closed at N1.61, down N0.19.
Year to date, the stock is down 1.83%.
PZ Cussons Nigeria Plc
FMCG giant, PZ Cussons Nigeria, fell by 9.69% this week. The stock opened at N9.80 and closed at N8.85, down N0.95. Year to date, the stock is down 26.86%.
The stock is also trading at a 10 year low.
Tripple Gee Plc
Tripple Gee opened at N0.77 and closed at N0.70, down N0.07. Year to date, the stock is down 9.09%, and is trading at a year low.
Ecobank Trans International
Ecobank Trans International rounds up the top ten losers for the week. The stock declined by 7.7%, opening at N11.6 and closing at N10.7.
