There appears to be no end in sight to the negative performance on the Nigerian Stock Exchange, as the market closed in the red, for the third week running.
The NSE All Share Index declined by 2.27% to close the week at 27,919.50 basis points. Year to date, the index is down 11.17%. 15 equities appreciated in price during the week, lower than 18 in the previous week.
52 equities depreciated in price, higher than 39 equities in the previous week. 102 equities remained unchanged, lower than 111 equities recorded in the preceding week.
Top Gainers
Lasaco Assurance
Lasaco Assurance Plc was the best performing stock this week. The stock appreciated by 13.79% this week, opening at N0.29 and closing at N0.33, up N0.04.
Year to date, the index is up 10%.
Abbey Mortgage Bank Plc
Abbey Mortgage Bank Plc opened the week at N0.90 and closed at N0.99, up N0.09 or 10%.
Year to date, the stock is up 1%.
Shareholders of the bank, at its Annual General Meeting which held this week, approved by way of private placement, the sale of 2,261,538,462 ordinary shares at the rate of N1.05 to VFD Group.
Cornerstone Insurance Plc
Cornerstone Insurance Plc also gained 10%, but had a smaller numerical rise. The stock opened at N0.20 and closed at N0.22, down N0.02.
Year to date, the stock is up 10%.
AG Leventis Plc
AG Leventis Plc appreciated by 6.67% this week. The stock opened at N0.30 and closed at N0.32, down N0.02.
Year to date, the stock is up 18.5%.
Dangote Sugar Refinery
Dangote Sugar Refinery opened the week at N10.60 and closed at N11.25, up N0.65 or 6.13%.
Year to date, the stock is down 26.2%.
Vitafoam Nigeria Plc
Vitafoam Nigeria Plc appreciated by 4.52% this week. The stock opened at N3.54 and closed at N3.70, up N0.16.
Year to date, the stock is down 15.9%.
Sterling Bank Plc
Sterling Bank Plc opened the week at N2.21 and closed at N2.28, up N0.07 or 3.17%.
Year to date, the stock is up 20%.
Nestle Nigeria Plc
Nestle Nigeria Plc opened the week at N1225 and closed at N1250, up N25 or 2.04%.
Year to date, the stock is down 15.8%.
Dangote Flour Mills Plc
Dangote Flour Mills Plc gained 2.01% this week. The stock opened at N17.40 and closed at N17.75, up N0.35.
Year to date, the stock is up 159%.
FCMB Group Plc
FCMB rounds up the top 10 gainers for the week. The stock opened at N1.57 and closed at N1.60, up N0.03.
Year to date, the stock is down 15.3%.
Losers
Mc Nichols Plc
Mc Nichols Plc was the worst performing stock this week shedding 18.18%. The stock opened the week at N0.55 and closed at N0.45, down N0.10.
Year to date, the stock is down 4.26%, and is trading at a year low.
Cement Company of Northern Nigeria Plc
CCNN Plc opened the week at N14.50 and closed at N12, down N2.50 or 17.24%.
Year to date, the stock is down 38.1%.
Courteville Business Solutions Plc
Courteville Business Solutions declined by 16.67% this week. The stock opened at N0.24 and closed at N0.20, down N0.04.
Year to date, the stock is flat.
Union Bank Nigeria Plc
Union Bank Nigeria Plc opened the week at N7.50 and closed at N6.55, down N0.95 or 12.67%.
Year to date, the stock is up 17%.
Nigerian Aviation Handling Company (NAHCO) Plc
NAHCO Plc declined by 11.65% this week. The stock opened at N2.66 and closed by N2.35, down N0.31.
The stock is down 35.62%, year to date, and is trading at its lowest point this year.
Law Union and Rock Insurance Plc
Law Union and Rock Insurance Plc opened the week at N0.53 and closed at N0.47, down N0.06 or 11.32%.
Year to date, the stock is down 21.7%.
Flour Mills Nigeria Plc
Flour Mills of Nigeria Plc declined by 11.11% this week. The stock opened at N16.20 and closed at N14.40,down N1.80.
Year to date, the stock is down 37.7%.
Okomu Oil Palm Plc
Okomu Oil Palm Plc shed 10% this week. The stock opened at N62 and closed at N55.80, down N6.20.
Year to date, the stock is down 26.8%.
Berger Paints Plc
Berger Paints Plc also declined by 10% this week. The stock opened at N7 and closed at N6.30, down N0.70.
Year to date, the stock is down 26.7%.
CAP Plc
Chemical and Allied Products (CAP) Plc rounds up the top 10 losers for the week. The stock also fell by 10%, opening at N27.50 and closing at N24.50, down N2.75.
Year to date, the stock is down 29%, and is trading at a 5-year low.
