The Nigerian Stock Exchange ended Thursday’s trading session in negative territory. The All Share Index closed at 27,864.49 basis points, down 0.64%. Year to date, the index is down 11.35%.
Top Gainers and Losers: Concoil Plc was the best performing stock today. The stock gained 9.76% to close at N20.25. Dangote Sugar Plc gained 9.22% to close at N11.25. Sovereign Trust Insurance Plc gained 5% to close at N0.21. Japaul Oil & Maritime Services Plc gained 4.76% to close at N0.22. FCMB Group Plc rounds off the top five gainers for today. The stock gained 4.58% to close at N1.60.
On the flip side, Berger Paints Plc was the worst-performing stock, declining by 10% to close at N6.30. International Breweries Plc also fell by 10% to close at N15.30. Seplat Petroleum Development Company Plc fell by 9.43% to close at N480. CI Leasing Plc fell by 9.17% to close at N4.95. NEM Insurance Plc rounds off the top five losers for the day. The stock shed 9.17% to close at N2.08.
Top Trades by Volume: FBN Holdings Plc was the most actively traded stock today. 33.3 million shares valued at N189 million were traded in 166 deals. Zenith Bank Plc was next with 21.1 million shares valued at N365 million traded in 254 deals, followed by Sterling Bank Plc with 16.7 million shares valued at N35.5 million traded in 88 deals. United Bank of Africa Plc was next with 16.2 million shares valued at N90 million traded in 223 deals.
Access Bank Plc rounds off the top five most actively traded stocks today with 9.3 million shares valued at N56 million traded in 161 deals.
——————————————————————————————————
Corporate actions
May and Baker Plc, announced the appointment of Senetor Daisy Danjuma as a Non-Executive Director of the Company.
Transnational Corporation of Nigeria Plc has released its financial statements for the period ended June 30, 2019.
Revenue dipped from N54 billion in 2018 to N37.7 billion in 2019.
Profit Before Tax decreased from N11.9 billion in 2018 to N5 billion in 2019.
Profit After Tax also dipped from N10.8 billion in 2018 to N4 billion in 2019.
[READ MORE: Banks are relying on credit bureau to comply with CBN’s new directive]