The Stock Market continues bullish run for the third time this week

The Nigerian Stock Exchange ended  Thursday’s trading session in positive territory. The All Share Index closed at 31,477.51 basis points, up 1.07%.

Year to date, the index is down 0.15%.

Top Gainers and Losers: Law Union and Rock Insurance Plc was the best performing stock today. The stock gained 10% to close at N0.44. Japaul Oil & Maritime Services Plc gained 9.09% to close at N0.24. Nigerian Aviation Handling Co Plc rounds up the top three gainers for today. The stock gained 7.91% to close at N3.41.

On the flip side, Academy Press Plc was the worst performing stock, declining by 10% to close at N0.27. Livestock Feed Plc also fell by 10% to close at N0.54. Courtville Business Solutions Plc rounds up the top three losers for the day. The stock shed 8.70% to close at N0.21.

Top Trades by Volume: Sovereign Trust Insurance Plc was the most actively traded stock today. 280 million shares valued at N64.6 billion were traded in 42 deals. United Bank of Africa Plc was next with 44.4 million shares valued at N218 million traded in 309 deals. MTN Nigeria Plc rounds up the top three most actively traded stocks today with 34.2 million shares valued at N5 billion traded in 1600 deals.

Corporate Action: Omoluabi Mortgage Bank Plc released its financial statements the first quarter ended March 31, 2019. Turnover increased from N120 million in 2018 to N125 million in 2019. Profit before Tax dipped from N38 million in 2018 to N33.2 million in 2019.
Profit after Tax also dipped from N38 million in 2018 to N33.2 million in 2019