NASCON Allied Industries Plc, Forte Oil Plc, Exxon Mobil Plc, Africa Prudential Plc and Guaranty Trust Bank Plc were the best-performing stocks on the Nigerian Stock Exchange (NSE) at the end of trading on Tuesday.
While NASCON top the gainers’ chart, gaining 10% to close at N14.85, followed by Forte Oil, which gained 6.08% to close at N15.7. Mobil was the third on the list, gaining 5.64% to close at N147.9, followed by Africa Prudential Plc, with 3.36% to close at N4, and finally, GTB that gained 0.56% to close at N26.7.
Top Losers: Champion Breweries Plc was the worst-performing stock, dropping by 9.57% to close at N1.04. Dangote Sugar Refinery Plc also fell by 2.86% to close at N10.2. While Guinness Nigeria Plc fell by 1.22% to close at N32.5, MTN Nigeria Plc and Dangote Flour Mills, fell by 1.15% to close at N128.5, and 0.67% to close at N22.3 respectively.
Meanwhile, trading at the bourse ended Tuesday in negative territory as the All-Share Index closed at 26,809.92 basis points, down by 0.21%.
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Top Trades by Volume: Zenith Bank Plc was most actively-traded stock today with 60.91 million shares valued at N1.09 billion traded in 546 deals. First City Monument Bank Plc was next with 37.33 million shares valued at N59.73 million traded in 79 deals, followed by Guaranty Trust Bank Plc with 27.89 million shares valued at N744.38 million traded in 240 deals.
FBN Holdings Plc was next with 6.56 million shares valued at N34.67 million traded in 197 deals. Union Bank for Africa Plc rounded off the top five most actively traded stocks today with 5.26 million shares valued at N31.63 million traded in 171 deals.
Corporate Actions
Unilever Nigeria Plc has announced that it would observe the close period of trading from Tuesday, October 8, 2019, until Monday, October 28, 2019, in respect of its third-quarter financial statements.
Ikeja Hotel Plc announced that its Board meeting would be held at the company’s office at 84, Opebi Road, Ikeja, Lagos on Tuesday, October 22nd 2019, by 11:00 am to discuss its 3rd quarter financial statement among other matters.
Goldlink Insurance Plc also announced the resignation of Mr. Kenneth Egbaran as its Managing Director, and the appointment of Mr. Roland Awoyinfa, the Group Head Technical, as its acting Managing Director. The appointment took effect from the 4th of October 2019.
Omatek Ventures Plc released its audited financial statements for the year ended 31st December 2016.
AXA Mansard Insurance Plc notified the public of the scheduled commencement of the closed period for trading in its shares on October 9, 2019, to when the Unaudited Financial Statements for the period ended September 30, 2019 are released on the floor of the NSE.
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The company also disclosed that its Board of Directors is scheduled to meet on Thursday, 25th of October 2019 to consider the Unaudited Financial Statements.
Berger Paints Nigeria Plc, also disclosed that its Board of Directors will meet on Thursday, October 24, 2019, to discuss its 2019 Q3 Unaudited financial statements. A close period of trading will be observed from October 9, 2019, till October 25, 2019, in respect of the financial statements.
