GSK, Courteville, lead worst-performing stocks on Tuesday

Adaobi Nnadiukwu

5 years ago

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GlaxoSmithKline Consumer Nigeria Plc, Courteville Business Solutions Plc, Union Diagnostic & Clinical Services Plc, Chams Plc, and AIICO Insurance Plc were the top losers in today’s trades on the floor of the Nigerian Stock Exchange (NSE).

GlaxoSmithKline was the worst-performing stock, dropping by 9.86% to close at N6.40, followed by Courteville with 9.09% to close at N0.20. Union Diagnostic also reduced by 8.33% to close at N0.22, while Chams fell by 7.69% to close at N0.24.

AIICO Insurance rounded off the top five losers for the day. The stock shed 7.35% to close at N0.63.

However, trading session ended in negative territory as the All-Share Index closed at 26,513.65 basis points, down by 0.16%.

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Top Gainers: Nigerian Aviation Handling Co Plc earned the best-performing stock, as it gained 5.15% to close at N2.45, followed by Cement Company Northern Nigeria Plc which gained 4.28% to close at N15.85. United Capital Plc gained 3.45% to close at N2.10, Fidson Healthcare Plc and FBN Holdings Plc gained 1.27% to close at N4, and 0.95% to close at N5.30 respectively.

Top Trades by Volume: Access Bank Plc was most actively-traded stock today with 27.28 million shares valued at N201.51 million traded in 176 deals. Guaranty Trust Bank Plc was next with 24.6 million shares valued at N655.82 million traded in 166 deals, followed by FCMB Group Plc with 22.96 million shares valued at N36.75 million traded in 43 deals. Global Spectrum Energy Services Plc was next with 20 million shares valued at N94 million traded in 2 deals.

Transnational Corp of Nigeria Plc rounded off the top five most actively traded stocks today with 14.45 million shares valued at N14.61 million traded in 43 deals.

Corporate Actions

Consolidated Hallmark Insurance Plc announced that it would observe a close period of trading from Tuesday, October 15, 2019, until 24 hours after the unaudited financial results for the period ended September 30, 2019, are released to the public.

Seplat Petroleum Development Plc also announced that it will acquire Eland Oil & Gas.

Infinity Trust Mortgage Bank Plc released its interim financial statements for the 9 months period ended 30 September 2019.