This week, the Nigerian Stock Exchange All Share Index closed in positive territory. The NSE All Share Index opened the week at 30,881.29 and closed at 31,069.37 basis points, up 0.61%.  

The market opened for four trading days this week as the federal government declared Wednesday, 29th May, 2019 a public holiday to mark the Inauguration Day celebrations 2019. 

35 equities appreciated in price during the week, higher than 30 in the previous week. 24 equities depreciated in price, lower than 40 equities of the previous week, while 109 equities remained unchanged, higher than 98 equities recorded in the preceding week. 

Gainers  

Chams Plc  

Chams Plc makes a return to the top position this week. The stock gained 15.15% this week, opening at N0.33 and closing at N0.38, up N0.05. Year to date, the stock is up 90%. 

Sterling Bank Plc  

Sterling Bank Plc appreciated by 11.11% this week. The stock opened at N2.07 and closed at N2.30, up N0.27. Year to date, the stock is up 21.05%.  

Ecobank Transnational Incorporated 

ETI opened the week at N10.05 and closed at N11.15, up N1.10 or 10.95%. Year to date, the stock is down 20.36%. 

Business day

AXA Mansard Insurance Plc  

AXA appreciated by 10% this week. The stock opened at N1.80 and closed at N1.98, up N0.18. Year to date, the stock is up 8.20%.  

Learn Africa Plc  

Learn Africa Plc gained 9.84% this week. The stock opened at N1.22 and closed at N1.34, up N0.12. Year to date, the stock is down 1.47%.  

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Neimeth International Pharmaceuticals  

Neimeth International Pharmaceuticals Plc opened the week at N0.51 and closed at N0.56, up N0.05 or 9.80%. Year to date, the stock is down 28.21%. 

Livestock Feeds Plc  

Livestock Feeds Plc opened the week at N0.54 and closed the week at N0.59, up N0.05 or 9.26%. Year to date, the stock is up 20.41%. 

Unity Bank Plc  

Unity Bank Plc gained 9.23% this week. The stock opened the week at N0.65 and closed at N0.71, up N0.06. Year to date, the stock is down 33.64%. 

Law Union and Rock Insurance Plc  

Law Union and Rock Insurance Plc opened the week at N0.44 and closed at N0.48, up N0.04 or 9.09%. Year to date, the stock is down 20%. 

Courteville Business Solutions Plc 

Courteville Business Solutions Plc rounds up the top 10 gainers for the week. The stock opened at N0.22 and closed at N0.24, up N0.02. Year to date, the stock is up 20%. 

 Losers 

Berger Paints Plc 

Berger Paints Plc was the worst performing stock this week. The stock declined by 9.52%, opening at N7.35 and closing at N6.65, down N0.70.  

Year to date, the stock is down 22.67% and trading at its lowest point this year.  

RT Briscoe Plc  

RT Briscoe Plc opened the week at N0.32 and closed at N0.29, down N0.03 or 9.38%. Year to date, the stock is down 23.68%. 

Eterna Plc  

Eterna Plc shed 8.75% this week. The stock opened at N4 and closed at N3.65, down N0.35. Year to date, the stock is down 22.34%. 

CAP Plc 

Chemical and Allied Products (CAP) Plc declined by 8.53% this week. The stock opened at N34 and closed at N31.10, down N2.90. Year to date, the stock is down 10.76%, and is trading at its lowest point this year.  

The stock was marked by down by N2.90, this week and ex dividend price was N31.10.  

Champion Breweries Plc  

Champion Breweries opened the week at N1.10 and closed at N1.01, down N0.09 or 8.18%. Year to date, the stock is down 49.25% and is trading at a year low.  

Fidelity Bank Plc  

Fidelity Bank Plc opened the week at N1.81 and closed at N1.68, down N0.13 or 7.18%. Year to date, the stock is down 17.24%. 

Jaiz Bank Plc  

Jaiz Bank Plc shed 6.12% this week. The stock opened at N0.49 and closed at N0.46, down N0.03 or 6.12%. Year to date, the stock is down 8%. 

Veritas Kapital Assurance Plc 

Veritas Kapital Assurance opened the week at N0.21 and closed at N0.20, down N0.01 or 4.76%. Year to date, the stock is down 13.04%. 

PZ Cussons Nigeria Plc  

PZ Cussons Nigeria Plc declined by 4.71% this week. The stock opened at N8.50 and closed at N8.10, down N0.40.  

Year to date, the stock is down 33.06% and trading at its lowest price point 

Oando Plc  

Oando Plc rounds up the top 10 losers for the week. The stock shed 4.20% this week, opening at N4.40 and closing at N4.20, down N0.20.  

Year to date, the stock is down 5.38%.  

The Securities and Exchange Commission (SEC), yesterday  ordered Oando Plc‘s Group Chief Executive Officer (CEO), Wale Tinubu to resign from his position over serious infractions including false disclosures, market abuses, amongst others.

The regulator disclosed that it has also barred Tinubu alongside his deputy, Omamofe Boyo from being directors of any quoted company for the next five years.

The company has however called the allegations unsubstantiated, and as such, the recommendations/penalties are pointless. Oando has however vowed to challenge the recommendations.

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