The Nigerian Stock Exchange (NSE) ended Thursday’s trading session in negative territory. The All-Share Index closed at 28,079.61 basis points, down 0.03%. Year to date, the index is down 10.94%.

Top Gainers: FCMB led the gainers for today. The stock gained 8.81% to close at N1.73. Chams Plc gained 8% to close at N0.27. Flour Mill of Nigeria Plc gained 6.07% to close at N14.85. NEM Insurance gained 5.77% to close at N2.20. Mutual Benefits Assurance Plc rounded off the top five gainers with a 5% gain to close at N0.21.

Nigerian Stock Exchange, FCMB
Nigerian Stock Exchange

Top Losers: Wapic Insurance led the losers train today with a 10% loss to close at N0.36. Global Spectrum Energy Services Plc declined by 9.57% to close at N5.20. Morison Industries Plc was next with a 9.09% decline to close at N0.50. Caverton Offshore Support GRP Plc fell by 8.95% to close at N2.34. Oando rounded off the top five losers with a 5% loss to close at N3.80.

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Top Trades by Volume: FCMB was the most active trade today with 73 million shares valued at N122.8 million traded in 85 deals. UBA was next with 35.67 million shares valued at N200.39 million traded in 257 deals. 11 million Transcorp Plc shares valued at N11.29 million were traded in 177 deals. Zenith Bank was next with 9.5 million shares valued at N176.6 million traded in 253 deals. Ecobank rounded off top trades for the day with 9.2 million shares valued at N82.79 million traded in 43 deals.

[READ MORE: HOT MONEY: Foreign Investors ship-out N257 billion from Nigerian stock market]

Corporate Actions: Telecoms giant, MTN Nigeria informed the general investing public that its Board Chairman, Pascal Dozie, the Vice-Chairman, Sani Bello, alongside other Non-Executive Directors would be retiring from the Board at the expiration of their term on September 2, 2019. Dr. Ernest Ndukwe has been appointed Chairman Designate of the Board.

Recently acquired Forte Oil Plc said it had gotten the approval of the Corporate Affairs Commission to extend its 40th Annual General Meeting (AGM) by 3 months, effective from August 21, 2019.

FCMB ads 300 x 250

Tourist Company of Nigeria Plc, Chellarams Plc, NPF Microfinance Bank Plc, Aluminium Extrusion Industries Plc, Livestock Feeds Plc, Etranzact International Plc, Fidson Healthcare Plc, Julius Berger Nigeria Plc, Flour Mills of Nigeria Plc, and Transcorp Hotels Plc all released their results for the period ended June 30, 2019.

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