Nigerian Stock Exchange, Nigerian Stocks

The Nigerian Stock Exchange (NSE) ended Monday’s trading session in positive territory. The All-Share Index closed at 27,115.89 basis points, up 0.71%. Year to date, the index is down by 13.73%.

Top Gainers: Courteville Business Solutions Plc was the best-performing stock today. The stock gained 10% to close at N0.22. UAC of Nigeria Plc also gained 6.67% to close at N4.80. FCMB Plc gained 5% to close at N1.68. AIICO Insurance Plc gained 4.92% to close at N0.64. Oando Plc rounded off the top five gainers for today. The stock gained 4.48% to close at N3.50.

Top Losers: On the flip side, Cadbury Nigeria Plc was the worst-performing stock, declining by 9.71% to close at N9.30. Chams Plc fell by 8.70% to close at N0.21. Unity Bank Plc fell by 5.80% to close at N0.65. AXA Mansard Insurance Plc fell by 5.56% to close at N1.70. Jaiz Bank Plc rounded off the top five losers for the day. The stock shed 5.41% to close at N0.35.

[READ MORE: Understanding the risks in bond investing]

Top Trades by Volume: Lafarge Africa Plc was the most actively-traded stock today. 47.1 million shares valued at N660 million were traded in 88 deals. Transnational Corp of Nigeria Plc was next with 41 million shares valued at N36.9 million traded in 114 deals, followed by Zenith Bank Plc with 26 million shares valued at N452 million traded in 442 deals.

United Bank of Africa Plc was next with 17.1 million shares valued at N97.3 million traded in 356 deals. FBN Holdings Plc rounded off the top five most actively traded stocks today with 16.5 million shares valued at N77.6 million traded in 300 deals.

Corporate Action

Zenith Bank Plc has declared a dividend of 30 kobo per 50 kobo share for the period ended June 30, 2019, subject to withholding tax and shareholders’ approval.
The Company also released its financial statements for the period ended June 30, 2019.

Gross Earnings increased from N322 billion in 2018 to N331 billion in 2019.

Profit before Tax increased from N107 million in 2018 to N111 billion in 2019.

Profit after Tax also increased from N81.7 billion in 2018 to N88.8 billion in 2019.

[READ ALSO: You can buy this listed company for less N100 million ]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.