NSE Nigerian stocks

The Nigerian Stock Exchange (NSE) ended Thursday’s trading session in negative territory. The All-Share Index closed at 27,052.93 basis points, down 0.11%. 

Year to date, the index is down by 13.93%. 

Top Gainers: Cement Company of Northern Nigeria Plc was the best-performing stock today. The stock gained 9.43% to close at N14.50Unity Bank Plc also gained 7.81% to close at N0.69Livestock Feeds Plc gained 7.32% to close at N0.44Jaiz Bank Plc gained 5.41% to close at N0.39MTN Nigeria Plc rounded off the top five gainers for today. The stock gained 4.45% to close at N135. 

[READ MORE: Access to credit facility is a global problem for SMEs – CWG CEO]

Top Losers: On the flip side Unilever Nigeria Plc was the worst-performing stock, declining by 10% to close at N28.80. Ecobank Transnational Inc also fell by 10% to close at N6.30. Redstar Express Plc fell by 9.98% to close at N4.24Stanbic IBTC Bank Plc fell by 9.97% to close at N34.30Custodian and Allied Insurance Plc rounded off the top five losers for the day. The stock shed 9.68% to close at N5.60. 

Top Trades by Volume: Guaranty Trust Bank Plc was the most actively-traded stock today. 42.49 million shares valued at N1.09 billion were traded in 316 deals. Transnational Corp of Nigeria Plc was next with 37.8 million shares valued at N33.1 million traded in 186 deals, followed by Access Bank Plc with 22.1 million shares valued at N130 million traded in 184 deals. 

Fidelity Bank Plc was next with 19.37 million shares valued at N28.17 million traded in 170 deals. Zenith Bank Plc rounded off the top five most actively traded stocks today with 18.3 million shares valued at N298.5 million traded in 378 deals. 

Corporate Actions 

Cutix Plc scheduled the meeting of its Board of Directors to hold on Thursday, August 29, 2019. The Board will consider the company’s unaudited financial statements for the period ended July 31, 2019. Trading on its shares will be suspended from August 15, 2019, until 24 hours after the statements have been released. 

Academy Press Plc also scheduled its 55th Annual General Meeting to hold on Thursday, 19th September 2019, at 12 noon, at the Registered office of the company, 28/32, Industrial Avenue, Ilupeju Industrial Estate, Lagos. 

Consolidated Hallmark Insurance Plc announced an increase in the minimum capital for insurance company business in Nigeria, effective from June 20, 2020. 

AIICO Insurance Plc appointed Mr Babatunde Fajemirokun as its Managing Director/Chief Executive Officer, with effect from August 14, 2019. 

[READ ALSO: NAICOM to ban borrowing for recapitalisation as foreigners takeover insurance market]

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: fakoyejo.olalekan@nairametrics.com.

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