This week was a bearish one on the Nigerian Stock Exchange as the All Share Index closed at 29,740.41 basis points, down 1.15%.
Year to date, the index is down 5.38%.
30 equities appreciated in price during the week, lower than 33 in the previous week. 40 equities depreciated in price, higher than 33 equities of the previous week, while 97 equities remained unchanged, lower than 101 equities recorded in the preceding week.
Gainers
Dangote Flour Mills Plc
Dangote Flour Mills was the best performing stock on the Nigerian Stock Exchange this week. The stock appreciated by 45.33%, opening at N10.70 and closing at N15.55, up N4.85. Dangote Flour has gained 127% year to date.
The company this week informed investors that it was considering a N130 billion buy out from Olam International Limited.
Japaul Oil and Maritime Services Plc
Japaul Oil and Maritime Services opened at N0.20 and closed at N0.28, up N0.08 or 40%. Year to date, the stock is up 33.33%.
Cutix Plc
Cutix Plc gained 28.05% this week. The stock opened at N1.60 and closed at N2.05, up N0.45. Year to date, the stock is up 25%.
Neimeth International Pharmaceuticals
Neimeth International Pharmaceuticals opened the week at N0.56, and closed at N0.67, up N0.11 or 19.64%. Year to date, the stock is down 14.1%.
Royal Exchange Plc
Royal Exchange Plc gained 18.18% this week. The stock opened at N0.22 and closed at N0.26, up N0.04. Year to date, the stock is up 18.18%.
First Aluminum Nigeria Plc
First Aluminum Nigeria Plc opened trading this week at N0.41 and closed at N0.48, up N0.07 or 17.07%. Year to date, the stock is up 33.33%.
Chams Plc
Chams Plc gained 16.67% this week and has held a spot in the top 10 gainers list for three consecutive weeks. The stock opened at N0.36 and closed at N0.42, up N0.06. Year to date, the stock is up 110%.
Vitafoam Nigeria Plc
Vitafoam Nigeria Plc opened the week at N3.50 and closed at N3.89, up N0.39 or 11.14%. Year to date, the stock is down 11.59%.
This week, the company released its half year 2018/2019 results. Revenue increased from N10.7 billion in 2018 to N12.9 billion in 2019. Profit before tax jumped from N486 million in 2018 to N1.1 billion in 2019. Profit after tax also rose from N309 million in 2018 to N774 million in 2019.
Oando Plc
Oando Plc gained 10.42% this week. The stock opened at N4.80 and closed at N5.30, up N0.50. Year to date, the stock is up 6%.
The company released its results for the first quarter ended March 2019, this week. Revenue rose from N150 billion in 2018 to N160 billion in 2019. Profit before tax rose from N6.5 billion in 2018 to N8.7 billion in 2019. Profit after tax rose from N4.1 billion in 2018 to N4.6 billion in 2019.
Wema Bank Plc
Wema Bank Plc rounds up the top 10 gainers for the week, appreciating by 10.14%. The stock opened at N0.69 and closed at N0.76, up N0.09. Year to date, the stock is up 20.63%.
This week, the bank released its results for the first quarter ended March 2019. Net interest income increased from N4.3 billion in 2018 to N5.5 billion in 2019. Profit before tax rose from N883 million in 2018 to N1.3 billion in 2019. Profit after tax also increased from N764 million in 2018 to N1.1 billion in 2019.
Losers
Guinness Nigeria Plc
Guinness Nigeria Plc was the worst performing stock this week. The stock shed 19%, opening at N60 and closing at N48.60, down N11.40.
Year to date, the stock is down 32.5% and is at a 10-year low.
This week, it released its results for the nine months ended March 2019. Revenue fell from N105 billion in 2018 to N101 billion in 2019. Profit before tax fell from N7.8 billion in 2018 to N6.2 billion in 2019. Profit after tax also declined from N5 billion in 2018 to N4.2 billion in 2019.
May and Baker Plc
May and Baker Plc opened the week at N2.60 and closed at N2.25, down N0.35 or 13.46%. Year to date, the stock is down 8.16%.
International Breweries Plc
International Breweries Plc shed 13.04% this week. The stock opened at N23.00 and closed at N20.00, down N3.00. Year to date, the stock is down 34.43% and is at its lowest price so far this year.
Julius Berger Plc
Construction giant, Julius Berger Plc, opened the week at N25 and closed at N22.50, down N2.50 or 10%. Year to date, the stock is up 11.94%.
Julius Berger released its results for the first quarter ended in March 2019, this week. Revenue increased from N35.3 billion in 2018 to N62.9 billion in 2019. Profit before tax, however, fell from N2.2 billion in 2018 to N1.2 billion in 2019. Profit after tax also dropped from N1.4 billion in 2018 to N485 million in 2019.
Okomu Oil Palm Company Plc
Okomu Oil also declined by 10% this week. The stock opened at N80.00 and closed at N72.00, down N8.00. Year to date, the stock is down 5.51%.
Union Dicon Salt Plc
Union Dicon Salt Plc opened the week at N13.45 and closed at N12.15, down N1.30 or 9.67%. Year to date, the stock is down 9.67%.
Premier Paints Plc
Premier paints declined by 9.62% this week. The stock opened at N10.40 and closed at N9.40, down N1.00. Year to date, the stock is down 9.62%.
Conoil Plc
Conoil Plc opened the week at N23.00 and closed at N20.80, down N2.20 or 9.57%. The stock is down 10.54% year to date.
Prestige Assurance Plc
Prestige Assurance Plc shed 9.09% this week. The stock opened at N0.50 and closed at N0.50, down N0.05. Year to date, the stock is flat in terms of price appreciation.
ABC Transport Plc
ABC Transport Plc rounds up the top 10 losers for the week. The stock opened at N0.33 and closed at N0.30, down N0.03 or 9.09%. Year to date, the stock is up 3.45%.
