ABC Transport Plc led the gainers’ chart at the end of trading on the floor of the Nigeria Stock Exchange on Friday, as the bourse extended its decline.
The All-Share index dropped by 1.68% from 26,987.45 basis point at the end of last week to 26,533.78 basis points on Friday. Year to date, the index is down 15.58%.
Losses were evident across the sectors, as the indices of Consumer Goods dropped by 3.96%, Oil and Gas (-3.17%); Industrial Goods (-1.76%) and Insurance (-1.60bps).
ABC Transport Plc was the best performing stock this week, appreciating by 29.41%. The stock closed at N0.44k. YTD was up by 51.7%
African Prudent Plc
African Prudent Plc followed, appreciating by 13.64%. It closed at N4.00. YTD was up by 3.4%.
National Salt Company of Nigeria
NASCON’s stock increased by 12.50% at the end of the week’s trading when it closed at N14.85. But the YTD dropped by 17.5%
Learn Africa Plc
Learn Africa Plc also got its stock increased by 9.8% when it closed at N1.23. Like NASCON, Its YTD also dropped by 9.6%.
Livestock Plc rounded up the gainers’ chart as it closed at N0.47k, up by 9.30%. YTD also dropped by 4.1%.
Guinness Plc led the losers’ chart when it’s stock dropped by 10.79% as it closed at N29.35. its YTD dropped drastically by 59.2%.
PZ Industries Plc
PZ Industries also dropped by 10% when the price closed the week at N6.30. The YTD of the conglomerate dropped by 47.9%.
The shares of Champion Brewery Plc closed the week at N1.04 each, dropped by 9.57%. The YTD also dropped by 47.7%.
The value of NCR Plc shares also closed the week at N4.50, dropped by 9.09%. The YTD decreased by 25%.
Niger Insurance Plc
Niger Insurance Plc shares closed at N0.20k and dropped by 9.09%. The share’s YTD dropped by 16.7%
In our view, the trend witnessed through 2019 so far is likely to persist through Q4-19, although we expect pockets of gains over the last few weeks of the year as fund and portfolio managers realign portfolios prior to the start of 2020. Consequently, we advise investors to tread the cautious trading path over the short term.