The Nigerian Stock Exchange (NSE) ended Wednesday’s trading session in negative territory. The All Share Index closed at 27,718.26 basis points, down 0.37%. Year to date, the index is down by 11.81%.

Top Gainers: Julius Berger Plc was the best-performing stock today. The stock gained 9.87% to close at N20.60. Forte Oil Plc gained 9.17% to close at N19.65. Mutual Benefit gained 9.09% to close at N0.24. Wapic Insurance Plc gained 7.69% to close at N0.42. Jaiz Bank rounded off the top five gainers for today. The stock gained 7.14% to close at N0.45.

Nigerian Stock Exchange, NSE
Trading Floor of the Nigerian Stock Exchange.

Top Losers: On the flip side, University Press Plc was the worst-performing stock, declining by 10.0% to close at N1.62. Berger Paints fell by 9.52% to close at N5.70. Dangote Sugar fell by 9.26% to close at N9.80. Nigeria Breweries Plc fell by 9.09% to close at N50. Eterna rounded off the top five losers for the day. The stock shed 9.09% to close at N3.

[READ ALSO: Mutual Benefits, Unity Bank in top gainers as NSE ends trading in negative]

Top Trades by Volume: Zenith Bank was the most actively traded stock today. 39.1 million shares valued at N718.8 million were traded in 391 deals. FBN Holdings was next with 34.7 million shares valued at N197.5 million traded in 257 deals, followed by UBA with 27.6 million shares valued at N163.6 million traded in 283 deals.

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GTBank was next with 23.5 million shares valued at N667.6 million traded in 234 deals. Transcorp rounded off the top five most actively traded stocks today with 23 million shares valued at N22 million traded in 150 deals.

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Corporate Actions

C&I Leasing Plc, Medview Airline Plc, UPDC, Abbey Mortgage Bank, Japaul Oil & Maritime Service Plc, Scoa Nigeria Plc, AXA Mansard, Learn Africa Plc, Presco Plc Union Diagnostic and Clinical Service Plc, Tantalizers Plc, Meyer Plc, Champion Breweries Plc, Continental Reinsurance Plc, Wapic Insurance Plc, International Breweries Plc, Custodian Investment Plc, and MRS Oil Nigeria Plc all released their financial statements for the period ended June 30, 2019.

MTN Nigeria announced that it had secured the Central Bank of Nigeria’s (CBN) approval to operate its fintech firm under a super-agent license.

UAC of Nigeria Plc announced the resignation of Mrs Awuneba Sotonye Ajumogobia as its Independent Non-Executive Director, effective from July 31, 2019. She has been appointed to the Board of CAP Plc – a subsidiary of UAC.

[READ ALSO: Seplat, Ecobank among worst stocks as NSE ends trading in negative]

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The company also appointed Mrs Suzanne Olufunke Iroche as Independent Non-Executive Director, effective from August 1, 2019.


Livestock Feeds Plc announced the appointment of Mr Adegboyega Adedeji as its Acting Managing Director, effective from August 1. He replaced Mr. Solomon Aigbavboa who has been the company’s Acting Managing Director since January 2018.


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