The Nigerian Stock Exchange (NSE) closed the week on a positive note as the All Share Index opened at 32,841.69 basis points and closed at 32,907.33, up 0.20%.
26 equities appreciated in price during the week, higher than 20 in the previous week. 42 equities depreciated in price, unchanged from the prior week, while 101 equities remained unchanged lower than the 107 equities recorded in the preceding week.
Top Gainers
Diamond Bank Plc
Diamond Bank was the best performing stock this week. The stock opened at ₦1.20 and closed at ₦1.44, up ₦0.24 or 20%. Year to date, the stock is down 4%.
The movement in the stock’s price was largely due to reports of new key investors taking up a stake.A claim which the bank has since debunked.
The bank also released its results for the third quarter ended September 30, 2018.
Gross earnings for the group dropped from ₦143 billion in 2017 to ₦142 billion in the year under review. Profit before tax also fell from ₦4.7 billion in 2017 to ₦3.08 billion. Profit after tax also dipped from ₦3.9 billion in 2017 to ₦1.6 billion.
Law Union and Rock Insurance Plc
Law Union and Rock Insurance opened at ₦0.50 and closed at ₦0.58, up ₦0.08 or 16%. Year to date, the stock is down 24.68%.
Fidelity bank Plc
Fidelity Bank Plc gained 10.58% this week. The stock opened at ₦1.89 and closed at ₦2.09, up ₦0.20. The bank this week released its results for the 9 months ended September 30, 2018.
Gross earnings increased from ₦130 billion in 2017 to ₦139 billion in 2018. This amounts to a 6.9% year on year.
Profit before tax increased from ₦16.2 billion in 2017 to ₦20.6 billion in 2018. Profit after tax increased from ₦14.4 billion in 2017 to ₦17.8 billion in 2018.
Royal Exchange Plc
Royal Exchange Plc opened at ₦0.20 and closed at ₦0.22, up ₦0.02 or 10%. Year to date, the stock is down 56%.
Julius Berger Plc
Julius Berger Plc appreciated by 9.98% this week. The stock opened at ₦21.55 and closed at ₦23.70, up 9.98%.
This week, the construction giant released its results for the 9 months ended September 30, 2018. Revenue increased from ₦105 billion in 2017 to ₦118 billion in 2018. Profit before tax jumped from ₦81.5 million in 2017 to ₦5 billion in 2018. The firm made a profit after tax of ₦3.4 billion in 2018, as against a loss after tax of ₦349 million in 2017.
Total Nigeria Plc
Total Nigeria Plc opened at ₦183 and closed at ₦198, up ₦15 or 8.20%. Year to date, the stock is down 13.89%.
This week, the company released its results for the 9 months ended September 30, 2018 and declared an interim dividend of ₦13 per share.
Revenue increased from ₦221 billion in 2017 to ₦226 billion in 2018. Profit before tax rose from ₦9.6 billion in 2017 to ₦11.4 billion in 2018. Profit after tax also rose from ₦5.9 billion in 2017 to ₦7.9 billion in 2018.
UACN Property Development Company Plc (UPDC)
UPDC opened at ₦1.64 and closed at ₦1.77, up ₦0.13 or 7.93%. Year to date, the stock is down 36.56%.
Consolidated Hallmark Insurance Plc
Consolidated Hallmark Insurance opened at ₦0.28 and closed at ₦0.30, up ₦0.02 or 7.14%. Year to date, the stock is down by 40%.
Union Diagnostic and Clinical Services Plc
Union Diagnostic and Clinical Services Plc also gained ₦0.02 or 7.14% this week. The stock opened at ₦0.28 and closed at ₦0.30. Year to date, the stock is down by 40%.
Custodian Investment Plc
Custodian Investment Plc opened at ₦5.10 and closed at ₦5.40, up ₦0.30 or 5.88%. Year to date, the stock is up 38.82%.
This week, the company released its results for the period ended September 30, 2018.
Gross revenue increased from ₦31.8 billion in 2017 to ₦36.6 billion in 2018. Profit before tax rose from ₦6 billion in 2017 to ₦6.8 billion in 2018. Profit after tax also increased from ₦4.6 billion in 2017 to ₦5.1 billion in 2018.
Top Losers
McNichols Plc
McNichols Plc was the worst performing stock this week. The stock depreciated by 30.51% this week, opening at ₦0.59 and closing at ₦0.41. Year to date, the stock is down 65.83%, and is at a year low.
Lafarge Africa Plc
Lafarge Africa Plc opened at ₦21 and closed at ₦18.25, down 2.75 or 13.10%. Year to date, the stock is down 59.35% and is at a year low.
Beta Glass Plc
Beta Glass Plc fell by 11.54% this week. The stock opened at ₦70.20 and closed at ₦62.10. Year to date, however, the stock is up 21.03%.
Portland Paints and Products Nigeria Plc
Portland Paints and Products Nigeria Plc opened at ₦2.80 and closed at ₦2.52, down ₦0.28. Year to date, the stock is up 14.5%.
The company this week released its results for the third quarter ended September 30, 2018. Revenue increased from ₦1.6 billion in 2017 to ₦1.9 billion in 2018. Profit before tax jumped from ₦70.2 million in 2017 to ₦185 million in 2018. Profit after tax also rose from ₦47 million in 2017 to ₦126 million in 2018.
Veritas Kapital Assurance Plc
Veritas Kapital Assurance Plc shed 10% this week. The stock opened at ₦0.30 and closed at ₦0.27, down ₦0.03. Year to date, the stock is down 46%.
AG Leventis Plc
AG Leventis Plc also declined by 10% this week. The stock opened at ₦0.40 and closed at ₦0.36, down ₦0.04. Year to date, the stock is down 48.57% and is trading at a year low.
Neimeth International Pharmaceuticals Plc
Neimeth International Pharmaceuticals Plc opened at ₦0.60 and closed at ₦0.54, down ₦0.06 or 10%. Year to date, the stock is down 28%.
UPDC Real Estate Investment Trust
UPDC Real Estate Investment Trust opened at ₦9 and closed at ₦8.10, down ₦0.90 or 10%. Year to date, the REIT is down 19% and trading at a year low.
Northern Nigeria Flour Mills
Northern Nigeria Flour Mills opened at ₦5.90 and closed at ₦5.35, down ₦0.65 or 9.37% Year to date, the stock is down 6.14% and is trading at a year low.
Cutix Plc
Cutix Plc shed 8.97% this week. The stock opened at ₦2.23 and closed at ₦2.03, down ₦0.20 or 8.97%. Year to date, the stock is up 1%.
