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Home Business News

Nigerian Stock Exchange delivers biggest single jump in 2019

Adaobi Nnadiukwu by Adaobi Nnadiukwu
May 28, 2019
in Business News
stock, market, stock market, Nigerian Stock Exchange
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The Nigerian Stock Exchange  had its biggest daily rise so far in 2019 today. The All Share Index closed at 31,307.00 basis points, up 3.68%.

Year to date however, the index remains in the red, down 0.39%.

Top Gainers: Ecobank Transnational Inc was the best performing stock today. The stock gained 10.00% to close at N12.10. United Bank for Africa Plc gained 9.65% to close at N6.25. Courteville Business Solutions Plc gained 9.52% to close at N0.23. Access Bank Plc gained 9.48% to close at N6.35. Finally, UAC of Nigeria Plc rounds up the top five gainers for today by gaining 9.45% to close at N6.95.

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Higher crude oil prices boost Nigeria’s Oil and Gas stocks

Top Losers: On the flip side, Eterna Plc was the worst performing stock, declining by 8.75% to close at N3.65. PZ Cussons Nigeria Plc fell by 4.71% to close at N8.10. Nigerian Aviation Handling Co Plc fell by 3.64% to close at N3.18. Flour Mills of Nigeria Plc fell by 2.91% t close at N13.35. Fidelity Bank Plc rounds up the top five losers for the day by shedding 1.12% to close at N1.77.

Top Trades by Volume: Guaranty Trust Bank Plc was the most actively traded stock today. 67.1 million shares valued at N2.14 billion were traded in 276 deals. Zenith Bank Plc was next with 52 million shares valued at N1 billion traded in 551 deals. FBN Holdings Plc was next with 44.68 million shares valued at N322.18 million traded in 258 deals. Access Bank Plc was next with 41.77 million shares valued at N256.46 million traded in 326 deals. United Bank for Africa Plc rounds up the top five most actively traded stocks today with 20.27 million shares valued at N123.5 million traded in 296 deals.

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Corporate Actions

Livestock Feeds Plc announced the appointment of Joseph Dada as its new Non-Executive Director.

Dada’s appointment took effect from Monday, May 27, 2019.

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Tags: Ecobank Transnational IncEterna PlcGuaranty Trust BankJoseph DadaLivestock Feeds PlcNigerian Stock Exchange (NSE)

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