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Home Business News

Access Bank, Transcorp and FBNH top Friday’s trading

Inimfon Asifa by Inimfon Asifa
August 23, 2019
in Business News, Politics
stock, market, stock market, Nigerian Stock Exchange
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The Nigerian Stock Exchange (NSE) ended Friday’s trading session in positive territory. The All-Share Index closed at 27,800.17 basis points, up 0.62%. Year to date, the index is down by 11.55%.
Top Gainers: May & Baker Plc was the best-performing stock today. The stock gained 9.95% to close at N2.10. Cutix Plc also gained 9.93% to close at N1.55. Unilever Nigeria Plc gained 9.07% to close at N29.45. C & I Leasing Plc gained 8.96% to close at N7.30. Law Union and Rocks Insurance Plc rounded off the top five gainers for today. The stock gained 8.33% to close at N0.39.
Top Losers: On the flip side, Triple Gee and Company Plc was the worst-performing stock, declining by 10% to close at N0.63. Consolidated Hallmark Insurance Plc fell by 9.68% to close at N0.28. Unity Bank Plc fell by 8.70% to close at N0.63. Linkage Assurance Plc fell by 7.69% to close at N0.48. Continental Reinsurance Plc rounded off the top five losers for the day. The stock shed 7.14% to close at N1.30.
Top Trades by Volume: Sovernins Plc was the most actively-traded stock today. 900 million shares valued at N216 million were traded in 3 deals. FBN Holdings Plc was next with 80.1 million shares valued at N401 million traded in 404 deals, followed by Courteville Business Solutions Plc with 55 million shares valued at N12.1 million traded in 7 deals.
[READ ALSO: NSE discloses why suspension of LASACO Assurance was lifted(Opens in a new browser tab)]
Access Bank Plc followed with 36.4 million shares valued at N236.8 million traded in 171 deals. Transnational Corp of Nigeria Plc rounded off the top five most actively traded stocks today with 34.5 million shares valued at N36.9 million traded in 95 deals.
Corporate Actions
Zenith Bank Plc notified the general public of the appointment of Mr Henry Oroh as the new Executive Director of the bank. The appointment is consistent with the Bank’s tradition and succession strategy of grooming leaders from within.
Interlinked Technologies Plc notified the general public of the retirement of Mr Olusegun Layode as the (MD/CEO) and the subsequent appointment of Mr Christopher Okoro as the Chief Executive Officer of the Company.
[READ ALSO: NSE opens the week negatively as Royal Exchange leads worst performers(Opens in a new browser tab)]

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Tags: Access Bank Plc NewsFBN Holdings PlcTranscorpUnity Bank PlcZenith Bank Plc

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