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The Nigerian Stock Exchange (NSE) ended Tuesday’s trading session in negative territory. The All Share Index closed at 29,668.68 basis points, down 0.47%. Year to date, the index is down 5.61%.

Top Gainers: Sovereign Trust Insurance Plc was the best performing stock today. The stock gained 9.52% to close at N0.23. CCNN Plc also gained 9.47% to close at N13.30. Champion Breweries Plc gained 8.33% to close at N1.69.

Livestock Feeds Plc gained 5.66% to close at N0.56. Jaiz Bank Plc rounded up the top five gainers for today by gaining 4.44%, closing at N0.47.

Top Losers: Forte Oil Plc was the worst performing stock, declining by 9.38% to close at N29. NEM Insurance Plc followed with a 8.73% drop to close at N2.30. Prestige Assurance Co Plc fell by 8.47% to close at N0.54. AIICO Insurance Plc fell by 4.35% to close at N0.66. United Bank for Africa Plc rounds up the top five losers for the day. The stock shed 3.91% to close at N6.15.

[READ MORE: AIO appoints NEM Insurance’s Tope Smart as Vice President]

Top Trades by Volume: Guaranty Trust Bank Plc (GTBank) was the most actively traded stock today. 50,437,653 shares valued at N1,568,801,975.35 were traded in 233 deals. Zenith Bank Plc was next with 22,195,779 shares valued at N443,834,598.80 traded in 355 deals.

Custodian and Allied Insurance Plc was next with 21,421,223 shares valued at N119,892,987.65 traded in 10 deals. Access Bank Plc was next with 20,461,631 shares valued at N135,874,119.15 traded in 223 deals.

United Bank for Africa Plc (UBA) rounded up the top five most actively traded stocks today with 17,449,781 shares valued at N110,463,601.05 traded in 169 deals.

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Corporate Actions

Nigerian Breweries Plc informed the NSE and the public of its Series 3 and 4 Commercial Paper (CP) programme that opened yesterday. While Series 3 would be for a tenor of 91 days, Series 4 would be for 172 days, and the aim is to raise N15 billion to support the Company’s short terms funding needs.

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Forte Oil Plc notified the public of the resignation of the following directors: Mr Femi Otedola, Mr Akin Akinfemiwa, Mr Julius Omodayo-Owotuga, Mr Christopher Adeyemi, Mr Anil Dua, Mrs Suleiman Salamatu, Dr Mairo Mandara, and Mr Nicolaas Vervelde. Their appointment is with effect from June 20, 2019.

The company also appointed Alhaji AbdulWasiu Sowami, Alhaji Aminu Umar, Mr Olusola Adeeyo, Mr Olumide Adeosun, Mr Moshood Olajide, and Mrs Durosinmi-Etti Aniola as directors.


However, the new directors will hold an inaugural Board of Directors meeting on the 26th of June 2019.

NPF Microfinance Bank Plc also notified the public that it’s 25th Annual General Meeting (AGM) will hold on the 25th of July, 2019, at Ibom Hotel and Golf Resort, Nwaniba Road, Uyo, Akwa Ibom state, at 11.00am.

The company is also declaring a dividend of 5 kobo per every 50 kobo ordinary share

C & I Leasing Plc also announced that it will be paying a final dividend of 0.075 kobo per every 50 kobo ordinary share for the 2018 financial year.


MTN Nigeria Communications Plc launched 4G+ in Lagos, Abuja, and Port-Harcourt for the purpose of delivering a premium experience to more people across the country.


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