The downturn on the Nigerian Stock Exchange has shown no signs of stopping, as the NSE All Share Index depreciated by 2.41% to close the week at 28,566.79 basis points.
Year to date, the index is down 9.11%.
18 equities appreciated in price during the week, lower than 21 in the previous week. 39 equities appreciated, lower than 41 equities in the previous week. 111 equities remained unchanged, higher than 103 equities recorded in the preceding week.
These are the top 10 gainers and losers for the week.
Sovereign Trust Insurance Plc
Sovereign Trust Insurance Plc was the best performing stock this week. The stock opened at N0.21 and closed at N0.23, up N0.02 or 9.52%.
Year to date, the stock is up 4.76%.
Union Bank of Nigeria Plc
Union Bank of Nigeria Plc opened at N6.80 and closed at N7.50, up N0.70 or 9.49%.
Year to date, the stock is up 33.93%.
The bank this week issued a statement debunking claims that Access Bank was in talks to acquire it.
Cadbury Nigeria Plc
Cadbury Nigeria Plc appreciated by 8.64% this week. The stock opened at N11 and closed at N11.95.
Year to date, the stock is up 19.5%.
Flour Mills of Nigeria Plc
Flour Mills of Nigeria Plc gained 8% this week. The stock opened at N15 and closed at N16.20, up N1.20.
Year to date, the stock is down 29.87%.
The company released its results for the financial year ended March 2019 after trading hours. Revenue fell from N542 billion in 2018 to N527 million in 2019. Profit before tax fell from N16.5 billion in 2018 to N10.1 billion in 2019. Profit after tax also declined from N13.6 billion in 2018 to N4 billion in 2019.
A dividend of N1.20 was declared.
Cutix Plc
Cutix Plc opened the week at N1.54 and closed at N1.65, up N0.11 or 7.14%.
Year to date, the stock is up 0.61%.
Learn Africa Plc
Learn Africa Plc gained 6.06% this week. The stock opened at N1.32 and closed at N1.40, up N0.08.
Year to date, the stock is up 2.91%.
NEM Insurance Plc
NEM Insurance opened the week at N2.15 and closed at N2.27, up N0.12 or 5.58%.
Year to date, the stock is down 15.93%.
Red Star Express Plc
Red Star Express Plc gained 5.05%. The stock opened at N4.95 and closed at N5.20, up N0.25.
Year to date, the stock is up 28.57%.
Unity Bank Plc
Unity Bank Plc opened the week at N0.62 and closed at N0.65, up N0.03 or 4.84%.
Year to date, the stock is down 31.29%.
NPF Microfinance Bank Plc
NPF Microfinance Bank Plc rounds up the top 10 gainers for the week. The stock appreciated by 4.63% opening at N1.08 and closing at N1.13, up N0.05.
Year to date, the stock is down 31.5%.
This week, the stock was marked down by N0.05 following a dividend declaration. Ex dividend price was N1.03.
Top Losers
Forte Oil Plc
Forte Oil Plc was the worst performing stock this week. The stock opened at N27 and closed at N20.70, down N6.30 or 23.33%.
Year to date, the stock is down 27.87% and is at a year low.
GSK Consumer Nigeria
GSK Consumer declined by 18.63% this week. The stock opened at N10.20 and closed at N8.30, down N1.90.
Year to date, the stock is down 42.76%.
NAHCO Aviance Plc
Nigerian Aviation Handling Company (NAHCO) Plc fell by 16.88% this week. The stock opened at N3.20 and closed at N2.66, down N0.54.
Year to date, the stock is down 27.12%.
The stock was marked down by N0.25, following the declaration of a dividend. Ex dividend price was N2.95.
Conoil Plc
Conoil Plc shed 15.97% this week. The stock opened at N23.80 and closed at N20, down N3.80.
Year to date, the stock is down 13.98%.
The company this week released its results for the first quarter ended March 2019. Revenue increased by 13.8% from N31.3 billion in 2018 to N35.6 billion in 2019. Profit before tax surged by 53.9% from N310 million in 2018 to N478 million in 2019. Profit after tax rose by the same margin from N211 million in 2018 to N325 million in 2019.
PZ Cussons Nigeria Plc
PZ Cussons Nigeria Plc opened the week at N6.90 and closed at N6.20, down N0.70.
Year to date, the stock is down 46.69%.
AXA Mansard Insurance Plc
AXA Mansard Insurance Plc declined by 10% this week. The stock opened at N2 and closed at N1.80, down N0.20.
Year to date, the stock is down 1.64%.
Linkage Assurance Plc
Linkage Assurance Plc opened the week at N0.71 and closed at N0.64, down N0.07.
Year to date, the stock is down 11.11%.
Nestle Nigeria Plc
Nestle Nigeria Plc opened the week at N1345 and closed at N1225, down N120 or 8.92%.
Year to date, the stock is down 13.80%.
UACN Property Development Company Plc
UPDC fell by 8.57% this week. The stock opened at N1.40 and closed at N1.28, down N0.12.
Year to date, the stock is down 26.7% and is at a year low.
Dangote Sugar Refinery Plc
Dangote Sugar Refinery Plc rounds up the top 10 losers for the week. The stock opened at N11.50 and closed at N10.60, down N0.90 or 7.83%.
Year to date, the stock is down 30.49%.
 for the trading week ended July 13, 2019 declining by 23.33% to close at N20.70.){kind=link}