The Nigerian Stock Exchange (NSE) ended Wednesday’s trading session in positive territory. The All-Share Index closed at 27,607.02 basis points, up 0.02%. Year to date, the index is down by 12.16%.
Top Gainers: John Holt Plc was the best-performing stock today. The stock gained 10% to close at N1.43. Continental Reinsurance Plc also gained 10% to close at N0.55. Cornerstone Insurance Plc gained 10% to close at N0.55. Unity Bank Plc gained 8.33% to close at N0.65. Forte Oil Plc rounded off the top five gainers for today. The stock gained 5.48% to close at N15.40.
Top Losers: On the flip side, Honeywell Flour Mill Plc was the worst-performing stock, declining by 7.41% to close at N1. PZ Cussons Plc fell by 5.60% to close at N5.90. Access Bank Plc fell by 5.15% to close at N6.45. Fidelity Bank Plc fell by 4.73% to close at N1.61. Chams Plc rounded off the top five losers for the day. The stock shed 3.45% to close at N0.28.
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Top Trades by Volume: Transnational Corp of Nigeria Plc was the most actively-traded stock today. 39 million shares valued at N41.7 million were traded in 80 deals. MTN Nigeria Plc was next with 15.2 million shares valued at N2.1 billion traded in 144 deals, followed by Lafarge Africa Plc with 10.4 million shares valued at N147.7 million traded in 40 deals.
Zenith Bank Plc was next with 7.5 million shares valued at N140 million traded in 303 deals. FBN Holdings Plc rounded off the top five most actively traded stocks today with 6.7 million shares valued at N32.7 million traded in 191 deals.
Corporate Actions
Stanbic IBTC Holdings Plc has released its financial statements for the period ended June 30, 2019.
Gross Earnings increased from N114.2 billion in 2018 to N117.3 billion in 2019.
Profit before Tax dipped from N50.7 billion in 2018 to N44.6 billion in 2019.
Profit after Tax also dipped from N43 billion in 2018 to N36.2 billion in 2019.
Forte Oil Plc notified the general public that Ignite Investments & Commodities Limited had expressed its intention to undertake a take-over offer up to 500,000 ordinary shares representing 0.04 equity stake.
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