The Nigerian Stock Exchange (NSE) ended Thursday’s trading session in positive territory. The All-Share Index closed at 27,424.92 basis points, up 0.05%. Year to date, the index is down by 12.74%.

Top Gainers: AXA Mansard Insurance Plc was the best-performing stock today. The stock gained 9.09% to close at N1.80. Jaiz Bank Plc also gained 5.26% to close at N0.40. FCMB Plc gained 4.35% to close at N1.68. Chams Plc gained 4.00% to close at N0.26. Wema Bank Plc rounded off the top five gainers for today. The stock gained 3.64% to close at N0.57.

Top Losers: On the flip side, Nigerian Aviation Handling Co Plc was the worst-performing stock, declining by 10% to close at N2.24. Africa Prudential Plc  fell by 10% to close at N3.42. Guiness Nigeria Plc also fell by 10% to close at N41.40. United Capital Plc fell by 9.95% to close at N1.90. UACN Property Development Co Plc rounded off the top five losers for the day. The stock shed 9.68% to close at N1.12.

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Top Trades by Volume: FBN Holdings Plc was the most actively-traded stock today. 58.9 million shares valued at N295 million were traded in 317 deals. Zenith Bank Plc was next with 39 million shares valued at N664 million traded in 515 deals, followed by Access Bank  Plc with 38.3 million shares valued at N233 million traded in 194 deals.

Guaranty Bank Plc was next with 29.7 million shares valued at N804 million traded in 299 deals. UAC- Property Development Company Plc rounded off the top five most actively traded stocks today with 20 million shares valued at N22.4 million traded in 10 deals.

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Corporate Action

Universal Insurance Plc has released its financial statements for the period ended March 31, 2019. Gross Premium Written increased from N346 million in 2018 to N650 million in 2019. Profit before Tax dipped from N131 million in 2018 to N61 million in 2019. Profit after Tax also dipped from N118 million in 2018 to N47 million in 2019.

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Trans-Nationwide Express Plc has released its financial statements for the period ended June 30, 2019. Revenue increased from N362 million in 2018 to N410 million in 2019. Profit before Tax increased from N6.6 million in 2018 to N20.8 million in 2019. Profit after Tax also increased from N4.4 million in 2018 to N18.5 million in 2019.

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