Nigerian Stock Exchange, NSE

The Nigerian Stock Exchange (NSE) ended Tuesday’s trading session in positive territory. The All-Share Index closed at 27,586.79 basis points, up 0.08%. Year to date, the index is down by 12.23%.

Top Gainers

International Breweries Plc was the best-performing stock today. The stock gained 10% to close at N11. Cornerstone Insurance Plc gained 8.70% to close at N0.25. Continental Reinsurance Plc gained 8.67% to close at N1.63. Ecobank Transnational Inc also gained 5.48% to close at N7.70. Mutual Benefits Assurance Plc rounded off the top five gainers for today. The stock gained 4.76% to close at N0.22.

Top Losers

On the flip side, Tripple Gee and Company Plc was the worst-performing stock, declining by 9.52% to close at N0.57. Sterling Bank Plc fell by 8% to close at N2.30. UACN Property Development Company Plc fell by 6.82% to close at N0.82. Lasaco Assurance Plc fell by 6.67% to close at N0.28. Union Bank Nigeria Plc also rounded off the top five losers for the day. The stock shed 5.71% to close at N6.60.

[READ MORE: NSE turns bearish again, as Fidson Healthcare Plc marks worst day yet]

Top Trades by Volume

UACN Property Development Company Plc was the most actively-traded stock today. 61.66 million shares valued at N50.6 million were traded in 19 deals. Access Bank Plc was next with 55.14 million shares valued at N369.35 million traded in 127 deals, followed by Guaranty Trust Bank Plc with 52 million shares valued at N1.39 billion traded in 302 deals.

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Nigerian Stock Exchange

Transnational Corporation of Nigeria Plc was next with 26.53 million shares valued at N27 million traded in 81 deals. UAC of Nigeria Plc rounded off the top five most actively traded stocks today with 15.71 million shares valued at N74.18 million traded in 186 deals.

Corporate Actions

The Board of Directors of UAC of Nigeria Plc and UACN Property Development Company Plc, jointly disclosed recapitalisation and restructuring plans.

Honeywell Flour Mills Plc also disclosed that its 10th Annual General Meeting will hold at the Civic Centre, Ozumba Mbadiwe Street, Victoria Island, Lagos, on Thursday 26th of September 2019, at 11:00 am.

Julius Berger Nigeria Plc declared its interest in participating in the upcoming bidding process for the Camalaniugan (Cagayan) Bridge (“the Camalaniugan project”) in a consortium with Frey-Fil Corporation in the Philippines.

[READ MORE: Nigerian Stock closes in positive territory]

Chams Plc announced the retirement of Mr Sunday Olufemi Williams as its Group Managing Director/Chief Executive Officer, and the appointment of Mr Gavin Young as the new Group Managing Director/Chief Executive Officer, effective from November 1, 2019.

Studio Press Nigeria PLC also notified the public of its decision to restructure the company.

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