The Nigerian Stock Exchange closed marginally in the green, in the first trading day after the Easter holidays. The All Share Index closed at 30,088.65 basis points, up 0.01%. Year to date, the index remains in the red down 4.27%
Top Gainers and Losers
Japaul Oil and Maritime Services Plc was the best performing stock today. The stock gained 10% to close at N0.22. Dangote Flour appreciated by 9.81% to close at N11.75. First Aluminium rounds up the top three gainers for today. The stock added 9.76% to close at N0.45.
On the flip side, Guinness Nigeria Plc declined by 10% to close at N54. Forte Oil shed 9.83% to close at N24.30. Unilever rounds up the top three traders for the day, dropping by 8.82% to close at N31.
Top Trades by Volume
Japaul Oil once again topped the volume chart as 69 million shares valued at N14.1 million were traded in 118 deals. Unilever is next with N41.2 million shares valued at N1.2 billion traded in 92 deals. Sterling Bank rounds up the most actively traded shares by volume with 38.5 million shares valued at N104 million traded in 34 deals
Top Trades by Value
Unilever was the most actively traded stock by volume with N1.2 billion worth of shares traded. Zenith Bank was next with N517 million worth of shares traded. Guaranty Trust Bank rounds up the top three most actively traded stocks with N426 million worth of shares traded.
Corporate Actions
UBA holds AGM and releases Q1 2019 results
UBA Plc today held its Annual General Meeting and released its results for the first quarter ended March 2019. Interest income increased from N90.3 billion in 2018 to N98.5 billion in 2019. Profit before tax increased from N26.5 billion in 208 to N30.1 billion in 2019. Profit after tax increased from N23.7 billion in 2018 to N28.6 billion in 2019.
SAHCOL lists shares
SAHCOL today listed 1,353,580,000 ordinary shares of SAHCOL at N4.65 per share following the conclusion of its initial public offer.
Olam offers to buy Dangote Flour Mills
The Board of Dangote Flour Mills Plc today notified the Nigerian Stock Exchange, its shareholders, and the investing public about the receipt of a binding offer from Olam International Limited to acquire all of Dangote Flour’s outstanding shares that are not currently held by Olam or its subsidiary.
The offer values the firm at N130 billion and is currently being considered by the company’s board.
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