The Nigerian Stock Exchange (NSE) ended Friday’s trading session in negative territory. The All Share Index closed at 27,918.59 basis points, down 0.26%. Year to date, the index is down 11.17%.
Top Gainers and Losers: Consolidated Hallmark Insurance Plc was the best performing stock today. The stock gained 10% to close at N0.33. NPF Microfinance Bank Plc gained 9.32% to close at N1.29. Wapic Insurance Plc gained 5.56% to close at N0.38. Oando Plc gained 3.95% to close at N3.95. Chams Plc rounded off the top five gainers for today. The stock gained 3.70% to close at N0.28.
On the flip side, International Breweries Plc was the worst-performing stock, declining by 9.42% to close at N12.50. Cement Company, Northern Nigeria Plc fell by 6.83% to close at N11.60. Okomu Oil Palm Plc fell by 6.81% to close at N52. Seplat Plc fell by 6.67% to close at N490. Ecobank Transnational Plc rounded off the top five losers for the day. The stock shed 6.11% to close at N8.45.
Top Trades by Volume: Consolidated Hallmark Insurance Plc was the most actively traded stock today. 14.1 million shares valued at N4.1 million were traded in 5 deals. Zenith Bank Plc was next with 12.1 million shares valued at N224 million traded in 253 deals, followed by Lafarge Africa Plc with 10.3 million shares valued at N149 million traded in 82 deals.
International Breweries Plc was next with 8.6 million shares valued at N108 million traded in 3 deals. FBN Holdings Plc rounded off the top five most actively traded stocks today with 7.7 million shares valued at N43.4 million traded in 163 deals.
Linkage Assurance Plc has released its financial statements for the period ended June 30, 2019. Gross Premium Written increased from N1.4 billion in 2018 to N1.9 billion in 2019. Profit Before Tax dipped from N280 million in 2018 to N190 million in 2019. Profit After Tax increased from N118 million in 2018 to N133 million in 2019.
Transcorp Hotels Plc has released its financial statements for the period ended June 30, 2018. Revenue increased from N8 billion in 2018 to N9.3 billion in 2019. Profit Before Tax dipped from N2 billion in 2018 to N819 million in 2019. Profit After Tax also dipped from N1.3 billion to N556 million in 2019.
MTN Nigeria Plc has released its financial statements for six months ended June 30, 2019. Revenue increased from N505 billion in 2018 to N566 billion in 2019. Profit Before Tax increased from N108 billion in 2018 to N141 billion in 2019. Profit After Tax also increased from N73.3 billion in 2018 to N98.9 billion in 2019.
The Monetary Policy Committee of the Central Bank of Nigeria (@cenbank) has raised the Cash Reserve Ratio by 500 basis points to 27.5%. Meanwhile, other parameters such as Monetary Policy Rate, Liquidity ratio, and asymmetric corridor remain unchanged.