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Nairametrics
Home Business News

Ecobank leads this week’s gainers as NSE closes on a positive note

Joseph Olaoluwa by Joseph Olaoluwa
August 24, 2019
in Business News, Markets, Stock Market
NSE John Holt
Share on FacebookShare on TwitterShare on Linkedin

The Nigerian Stock Exchange (NSE) received a serious boost as the market closed on a positive note this week. Last week, the All-Share Index closed at 26,925.29 basis points, down 0.47%. The NSE All-Share Index improved by 0.62% this week and closed at 27,800.17 basis points. Year to date, the index is down 11.55%.

40 equities appreciated in price during the week, higher than 15 equities that appreciated the previous week. 25 equities depreciated in price this week, as against 34 equities in the previous week, while 101 equities remained unchanged this week, lower than 119 equities recorded in the preceding week.

Here are the top 10 gainers and losers for the week.

Top Gainers

Ecobank Transnational Incorporated: Ecobank Transnational Incorporated was the best-performing stock this week. The stock opened at N6.00 and closed at N8.00, up N2.00  or 33.3%.

Year to date, the stock is up 42.9%.

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 Oando Plc: Oando Plc opened at N3.35 and closed at N4.05, up N0.70 or 20.9%.

Year to date, the stock is up 19%.

 Fidelity Bank Plc: Fidelity Bank Plc opened at N1.40 and closed at N1.68, up N0.28 or 20%.

Year to date, the stock is up 17.2%.

UACN Plc: UACN Plc opened at N4.50 and closed at N5.35, up N0.85 or 18.9%.

Year to date, the stock is up 45.1%.

Law Union & Rock Insurance Plc: Law Union & Rock Insurance Plc opened at N0.33 and closed at N0.39, up N0.06 or 18.2%.

Year to date, the stock is up 35%.

C & I Leasing Plc: C & I Leasing Plc opened at N6.20 and closed at N7.30, up N1.10 or 17.7%.

Year to date, the stock is up 310%.

Honeywell Flour Mill Plc: Honeywell Flour Mill Plc opened at N0.96 and closed at N1.10, up N0.14 or 14.6%.

Year to date, the stock is up 14.1%.

United Capital Plc: United Capital Plc opened at N1.82 and closed at N2.06, up N0.24 or 13.2%.

Year to date, the stock is up 27%.

Transnational Corporation of Nigeria Plc: Transnational Corporation of Nigeria Plc opened at N0.91 and closed at N1.03, up N0.12 or 13.2%.

Year to date, the stock is up 22%.

CHAMS Plc: CHAMS Plc rounded up the top 10 gainers for the week. The stock appreciated by 13% opening at N0.23 and closed at N0.26, up N0.03.

Year to date, the stock is up 30%.

Stock Market

Top Losers

Okomu Oil Palm Plc: Okomu Oil Palm Plc was the worst-performing stock this week, shedding 18.1%. The stock opened the week at N49.00 and closed N40.15, down N8.85.

Year to date, the stock is down at 47.3% and is trading at a year low.

NCR Nigeria Plc: NCR Nigeria Plc opened the week at N5.80 and closed at N4.95, down N0.85 or 14.7%.

Year to date, the stock is down 17.5%.

 LASACO Assurance Plc: Lasaco Assurance Plc opened the week at N0.33 and closed at N0.29, down N0.04 or 12.1%.

Year to date, the stock is down 3.3%.

Continental Reinsurance Plc: Continental Reinsurance Plc opened the week at N1.45 and closed at N1.30, down N0.15 or 10.3%.

Year to date, the stock is down 31.9%.

Tripple Gee and Company Plc: Tripple Gee and Company Plc opened the week at N0.70 and closed at N0.63, down N0.07 or 10%.

Year to date, the stock is down 18.2%.

MRS Oil Nigeria Plc: MRS Oil Nigeria Plc opened the week at N20.85 and closed at N18.80, down N2.05 or 9.8%

Year to date, the stock is down 26.9%.

Cadbury Nigeria Plc: Cadbury Nigeria Plc opened the week at N10.30 and closed at N9.30, down N1.00 or 9.7%.

Year to date, the stock is down 7%.

[READ ALSO: May & Baker, United Capital Plc make best stocks as NSE closes negatively]

Mutual Benefits Assurance Plc: Mutual Benefits Assurance Plc opened the week at N0.22 and closed at N0.20, down N0.02 or 9.1%.

Year to date, the stock is down 4.8%.

Unity Bank Plc: Unity Bank Plc opened the week at N0.69 and closed at N0.63, down N0.06 or 8.7%.

Year to date, the stock is down 41.1%.

Linkage Assurance Plc: Linkage Assurance Plc rounded up the top 10 losers for the week. The stock fell by 7.7%, opening at N0.52 and closing N0.48, down N0.04.

Year to date, the stock is down 33.3%.

[READ ALSO: Financial sector dominates gainers chart this week]

 


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Joseph Olaoluwa

Joseph Olaoluwa

Reincarnated as a lover of stocks, Angel investors, seed funds, and anything aligned to tech or startups raising money, Joseph's work at Nairametrics involves following the money to wherever it leads. Before joining Nairametrics, he won an investigative journalism fellowship with ICIR, appeared in several national dallies, with hard-hitting opinions, features and investigative pieces. He has also engaged in content marketing and copywriting for a top e-commerce firm in Nigeria.

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