Nigerian Stock Exchange, Nigerian Stocks, Daily market summary, NSE

The Nigerian Stock Exchange (NSE) ended Tuesday’s trading session in negative territory. The All-Share Index closed at 27,407.04 basis points, down 0.61%.

Top Gainers

Pz Cussons Nigeria Plc was the best-performing stock today. The stock gained 9.32% to close at N6.45. Stanbic IBTC Holdings Plc gained 6.69% to close at N37.50. Okomu Oil Palm Plc gained 3.88% to close at N54.95. NASCON Allied Industries Plc also gained 3.08% to close at N13.40. Cement Company Northern Nigeria Plc rounded off the top five gainers for today. The stock gained 2.79% to close at N16.60.

Top Losers

On the flip side, Airtel Africa Plc was the worst-performing stock, declining by 10% to close at N283.50. NCR Nigeria Plc fell by 9.09% to close at N4.50. Custodian and Allied Insurance Plc fell by 4.76% to close at N6.00. Flour Mills of Nigeria Plc fell by 3.70% to close at N13.00. Zenith Bank Plc rounded off the top five losers for the day. The stock shed 1.57% to close at N18.80.

Top Trades by Volume

Access Bank Plc was the most actively-traded stock today. 57.81 million shares valued at N434.18 million were traded in 493 deals. Zenith Bank Plc was next with 19.98 million shares valued at N382.22 million traded in 351 deals, followed by Sterling Bank Plc with 10.37 million shares valued at N23.46 million traded in 79 deals.

[READ MORE: Zenith Bank Plc trades large volume as NSE ends Monday’s trading in red]

FBN Holdings Plc was next with 10.35 million shares valued at N55.91 million traded in 273 deals. United Bank for Africa Plc rounded off the top five most actively traded stocks today with 9.31 million shares valued at N59.78 million traded in 173 deals.

Corporate Action

R.T Briscoe Nigeria PLC released its financial statement for the year ended December 31st, 2018.

Revenue increased from N4.37 billion in 2017, to N5.18 billion in 2018. This marks 18.40% decrease year on year.

Gross profit also increased from N971.46 million in 2017, to N1.45 billion in 2018, representing an increase of 50%.

Deal book 300 x 250

Loss before tax declined from N3.13 billion in 2017, to N2.16 billion in 2018, representing a downturn of 30.8%.

[READ MORE: NSE closes Tuesday’s trading in negative territory]

Loss for the year from continuing operations decreased from N3.16 billion in 2017, to N2.18 billion in 2018. Depicting a reduction of 30.7%.

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