The Nigerian Stock Exchange (NSE) ended Friday’s trading session in positive territory. The All-Share Index closed at 27,525.81 basis points, up 0.37%. Year to date, the index is down by 12.42%.
UAC Nigeria Plc was the best-performing stock today. The stock gained 9.98% to close at N5. Sterling Bank Plc gained 9.17% to close at N2.50. Stanbic IBTC Holdings Plc gained 8.57% to close at N38. Unity Bank Plc also gained 7.69% to close at N0.70. Cement Company Northern Nigeria Plc rounded off the top five gainers for today. The stock gained 5.67% to close at N15.85.
On the flip side, GlaxoSmithKline Consumer Nigeria Plc was the worst-performing stock, declining by 9.43% to close at N7.20. Royal Exchange Plc fell by 9.09% to close at N0.20. Continental Reinsurance Plc fell by 7.64% to close at N1.45. Chams Plc fell by 7.14% to close at N0.26. FCMB Plc also rounded off the top five losers for the day. The stock shed 6.63% to close at N1.55.
Top Trades by Volume
Access Bank Plc was the most actively-traded stock today. 22.8 million shares valued at N148.8 million were traded in 153 deals. Fidelity Bank Plc was next with 11.3 million shares valued at N18.9 million traded in 125 deals, followed by Guaranty Trust Bank Plc with 11.1 million shares valued at N302.6 million traded in 250 deals.
Zenith Bank Plc was next with 9.2 million shares valued at N161 million traded in 309 deals. United Bank of Africa Plc rounded off the top five most actively traded stocks today with 7.7 million shares valued at N45.8 million traded in 177 deals.
Fidelity Bank Plc has released its financial statements for the period ended June 30, 2019.
Gross Earnings increased from N92.2 billion in 2018 to N103.6 billion in 2019.
Profit before Tax increased from N13 billion in 2018 to N15 billion in 2019.
Profit after Tax also increased from N11.8 billion in 2018 to N13.6 billion in 2019.
Cutix Plc has also released its financial statements for the period ended July 31, 2019.
Revenue dipped from N1.3 billion in 2018 to N1.27 billion in 2019.
Profit before Tax decreased from N171 million in 2018 to N145 million in 2019.
Profit after Tax also decreased from N111.6 million in 2018 to N94.4 million in 2019.
Forte Oil Plc notified the general public that the proposed offer by Ignite Investment and Commodities Limited to other shareholders of Forte Oil is still under review by the relevant regulators and has not been formally launched.
United Bank of Africa Plc has declared a dividend of 20 kobo for every ordinary share of 50 kobo share for the period ended June 30, 2019, subject to withholding tax and shareholders’ approval.
The qualification date is September 12, 2019.
The Register of Shareholders will be closed from September 13, 2019.