Gainers and Losers, Nigerian Stock exchange

The Nigerian Stock Exchange ended this week’s trading session on a positive noteafter two weeks of downward movement.

The NSE All-Share Index appreciated by 1.78% to close the week at 30,086.31 and N11.301 trillion respectively. Year to date, the index, however, remains in the red, down 4.28%. 

33 equities appreciated in price during the week, lower than 35 in the previous week. 33 equities depreciated in price, higher than 31 equities of the previous week, while 101 equities remained unchanged, the same as the preceding week. 

Top Gainers 

Chams Plc  

Chams Plc was the best performing stock this week, appreciating by 28.57%. The stock opened at N0.28 and closed at N0.36 up N0.08.

Chams has had a spot in the top 10 gainers list, for the last three weeks, and is up by 80% year to date.  

This week, the stock was marked down by N0.03, following a dividend payment.  

First Aluminum Plc 

First Aluminum Plc opened the week at N0.32 and closed at N0.41, up N0.09 or 28.13%. Year to date, the stock is up 13.89%. 

Dangote Flour Mills  

Dangote Flour Mills appreciated by 27.38% this week. The stock opened at N8.40 and closed at N10.70, up N2.30.  Year to date, the stock is up 56.2%. 

Access Bank Plc  

Tier one lender, Access Bank Plc, gained 15.13% this week. The stock opened at N5.95 and closed at N6.85, up N0.90. Year to date, the stock is up 0.74%. 

Coronation Research

The bank released its first quarter 2019 results this week. Gross earnings rose from N137 billion in 2018 to N160 billion in 2019. Profit before tax increased from N27.2 billion in 2018 to N45.1 billion in 2019. Profit after tax jumped from N21.9 billion in 2018 to N41.1 billion in 2019.  

A conference call was held following the release of the results.  

AIICO Insurance Plc  

AIICO Insurance Plc gained 10.29% this week. The stock opened at N0.68 and closed at N0.75, up N0.07. Year to date, the stock is up 19.05%. 

AIICO Insurance Plc released its results for the 2018 financial year. Gross Premium Increased from N32 billion in 2017 to N37.6 billion in 2018. Profit before tax rose from N3 billion in 2017 to N3.4 billion in 2018. Profit after tax also increased from N1.2 billion in 2017 to N3.1 billion in 2018.  

A dividend of N0.06 per share was declared.  

The Initiates Plc  

The initiates Plc appreciated by 9.59% this week. The stock opened at N0.73 and closed at N0.80, up N0.07. Year to date, the stock is up 19.40%. 

Livestock Feeds Plc  

Livestock Feeds Plc opened the week at N0.55 and closed at N0.60, up N0.05 or 9.09%. Year to date, the stock is up 22.45%. 

Cadbury Nigeria Plc  

Cadbury Nigeria Plc appreciated by 8.91% this week. The stock opened at N10.11 and closed at N11, up N0.90. Year to date, the stock is up 10%. 

Nestle Nigeria  

Nestle Nigeria Plc opened the week at  N1,456 and closed at N1,580, up 8.52%. Year to date, the stock is up 6.4%. 

Consolidated Hallmark Insurance Plc  

Consolidated Hallmark Insurance rounds up the top 10 gainers for the week. The stock opened at N0.24 and closed at N0.26, up N0.02 or 8.33%. 

 Year to date, the stock is up 31.58%. 

Losers 

ABC Transport Plc  

ABC Transport Plc was the worst performing stock this week. The stock declined by 7.50%, opening at N0.40 and closing at N0.33. Year to date, the stock is up 13.79%. 

Royal Exchange Plc  

Royal Exchange Plc shed 12% this week. The stock opened at N0.25 and closed at N0.22, down N0.03. Year to date, the stock is flat.  

United Capital Plc  

United Capital Plc fell by 11.43% this week. The stock opened at N2.80 and closed at N2.48, down N0.52. Year to date, the stock is down 12.06%. 

The company released its Q1 2019 results this week. Gross earnings fell from N2.2 billion in 2018 to N1.4 billion in 2019. Profit before tax declined from N1.4 billion in 2018 to N766 billion in 2019. Profit after tax also dropped from N1.2 billion in 2018 to N644 million in 2019.  

I Leasing Plc  

& I Leasing Plc shed 9.89% this week. The stock opened at N7.99 and closed at N7.20, down N0.79. Year to date, the stock is up  304.49%. 

AG Leventis Plc  

The conglomerate opened the week at N0.31 and closed at N0.28, down 9.68%. Year to date, the stock is up 3.7%. 

UPDC  

UPDC Plc fell by 9.64%. The stock opened at N1.66 and closed at N1.50, down N0.16. Year to date, the stock is down 21.47%, and is at its lowest price point this year.  

John Holt Plc 

John Holt Plc declined by 9.62% this week. The stock opened at N0.52 and closed at N0.47, down N0.05. Year to date, the stock is up 6.82% 

Vitafoam Nigeria Plc  

Vitafoam Nigeria Plc declined by 9.09% this week. The stock opened at N3.85 and closed at N3.50, down N0.35. Year to date, it is down 20.45% and is at its lowest price point so far this year.  

Julius Berger Nigeria Plc  

Julius Berger also shed 9.09% this week. The stock opened at N27 and closed at N25, down N2.50. Year to date, the stock is up 24.38%. 

Niger Insurance Plc 

Niger Insurance rounds up the top 10 losers for the week. The stock opened at N0.22 and closed at N0.20, down N0.02 or 9.09%. Niger Insurance is down 16.67% year to date.  

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