The Nigerian Stock Exchange (NSE) ended Tuesday’s trading session in negative territory. The All Share Index closed at 29,818.80 basis points, down 0.39%. Year to date, the index is down 5.13%.
Top Gainers: Champion Breweries Plc was the best performing stock today. The stock gained 10% to close at N1.32. NEM Insurance Plc gained 8.78% to close at N2.23. Unity Bank Plc gained 8.57% to close at N0.76. Linkage Assurance Plc gained 8.33% to close at N0.52. Oando Plc rounds up the top five gainers for today, gaining 6.76% to close at N3.95.
Top Losers: On the flip side, Okomu Oil Palm Plc was the worst performing stock, declining by 10% to close at N66.60. Associated Bus Co Plc fell by 10% to close at N0.27. International Breweries Plc fell by 9.97% to close at N16.70. Chemical and Allied Products Plc fell by 9.97% to close at N28. Julius Berger Nigeria Plc rounds up the top five losers for the day, shedding 9.93% to close at N19.50.
Top Trades by Volume: Wema Bank Plc was the most actively traded stock today. 2,399,041,825 shares valued at N1,475,357,949.28 were traded in 60 deals. Zenith Bank Plc was next with 409,965,614 shares valued at N8,200,827,708.70 traded in 341 deals. Access Bank Plc followed with 13,678,348 shares valued at N87,588,236.05 traded in 172 deals. 9,748,251 shares of United Bank for Africa Plc valued at N59,523,815 was traded in 138 deals. Guaranty Trust Bank Plc rounds up the top five most actively traded stocks today with 9,662,615 shares valued at N297,439,496.60 traded in 196 deals.
Corporate Actions:
Oando Plc issued a statement on the NSE as regards the alleged fair hearing the Securities & Exchange Commission (SEC) claims they were accorded. The company said it was not afforded the opportunity to meet with SEC, adding that it only responded to questions posed by the assigned auditors for its business.
Omoluabi Mortgage Bank Plc notified the public on the date of it’s 5th Annual General Meeting (AGM). According to the bank, the AGM will be held on the 10th of July, 2019, by 10.00am, at Aurora Conference and Event Centre, Plot 6 Iwo-Ikirun Expressway, Ring Road by NNPC Mega Station, Osogbo, Osun State.
Secure Electronic Technology Plc announced that its AGM will hold on Thursday, 11th July 2019 at The Events Warehouse, Plot CDE Industrial Crescent, off Town Planning Way, Ilupeju, Lagos at 12pm.
Greif Nigeria Plc released its unaudited financial statement for the second quarter period ended 30 April 2019. Revenue for the period was N89.5 million as against N312.7 million in 2018, representing a decrease of 71%. Loss before tax stood at N108 million from a profit before tax of N5.2 million in 2018, which is 2,171% decrease. Loss after tax was N59.4 million as against a profit after tax of N614,000 in 2018, slipping by 9,772%.
Finally, Dangote Cement Plc held its AGM at the Eko Hotel and Suites in Lagos yesterday. At the AGM shareholders accepted the 2018 annual reports and accounts of the company and a dividend of N16 per share was approved. Directors, including Aliko Dangote, were re-elected to the company’s board.
