The Nigerian Stock Exchange (NSE) continued the month of July on a bearish note as the All Share Index closed at 37,392.77 basis points. Week to date, the market closed down 0.62%

Year to date, the index is down 2.22%.

21 equities appreciated in price during the week, 55 equities depreciated in price, while 93 equities recorded in the preceding week.

Gainers

Custodian Investment Plc

Custodian Investment was the biggest gainer in this week’s trading session, up 17.47%. The stock opened at N5.21 and closed at N6.12.

Custodian, earlier this week, hit an all-time high of N6.89 per share. Year to date, the stock is up 57%.

C&I Leasing Plc

C&I Leasing appreciated by 10.22% during the week. The stock opened at N2.25 and closed at N2.48, up N0.23. Year to date, the stock is up 92.2%.

This week, the company concluded the buyout of 27.5% minority stake in C&I Petrotech Marine Limited. The buyout makes C&I Petrotech Marine Limited a fully owned subsidiary of C&I Leasing Plc.

Forte Oil Plc

Forte Oil opened at N26.35 and closed at N28.90, up N2.55 or 9.68%. Year to date, the stock is down 33.1%. Last week, Forte touched an all-time low.

11 Plc

11 Plc (pronounced double one Plc) was formerly known as Mobil Oil Nigeria Plc. The stock appreciated by 9.39% this week. The stock opened at N165 and closed at N180.50. Year to date, the stock is down 7.2%.

Equity Assurance Plc

Equity Assurance gained 9.09% this week. The stock opened at N0.22 and closed at N0.24. Year to date, the stock is down 52%.

Yesterday, the company issued a notice to the Nigerian Stock Exchange, informing the investing community of the change in its name to SUNU Assurances Nigeria Plc.

Regency Alliance Insurance

Regency opened at N0.24 and closed at N0.26. Year to date, the stock is down 48%.

First Aluminum Plc

First Aluminium gained 7.89% this week. The stock opened at N0.38 and closed at N0.41, up N0.03. Year to date, the stock is down 18%.

CAP Plc

Chemical and Allied Products Plc (CAP Plc) is a subsidiary of UAC of Nigeria Plc, one of Nigeria’s oldest conglomerates. The company is into the manufacture and sales of paints and coatings.

CAP opened at N35 and closed at N37, up N2.00 or 5.71%. Year to date, the stock is up 8.8%.

Vitafoam Plc

Vitafoam Nigeria Plc gained 4.84% this week. The stock opened at N3.10 and closed at N3.25, up N0.15. Year to date, the stock is up 8.3%.

Caverton Offshore

Caverton opened the week at N2.01 and closed at N2.10, up N0.09 or 4.48%. Year to date, the stock is up 62.8%.

Losers

Tantalizers Plc

Tantalizers Plc was incorporated 1997 as a private limited liability company. It became a public limited liability company on April 23, 2008, and was listed on the Nigerian Stock Exchange on June 23, 2008.

Tantalizers provides quick service restaurants and outdoor catering services.

Tantalizers was the biggest loser last week, shedding 25%. The stock opened at N0.36 and closed at N0.27. Year to date, the stock is down 46%.

Mutual Benefits Assurance Plc

Mutual Benefits opened at N0.45 and closed at N0.34, down N0.11 or 24.44%. Year to date, the stock is down 32%.

DN Tyre and Rubber Plc

DN Tyre and Rubber Plc (formerly known as Dunlop Nigeria Plc) lost 20.69% during the week. The stock opened at N0.29 and closed at N0.23, down N0.06.

Multiverse Mining and Exploration Plc

Multiverse Mining opened at N0.24 and closed at N0.20, down N0.04 or 16.67%. Year to date, the stock is down 60%.

The company this week denied knowledge of insider trading by one of its shareholders, Heritage Capital Markets Limited.

Sovereign Trust Insurance Plc

Sovereign Trust Insurance shed 14.81% during the week. The stock opened at N0.27 and closed at N0.23. Year to date, the stock is down 54%.

The Initiates Plc

The Initiates Plc was incorporated as a  private limited liability company on March 3, 1995. It became a public limited company on June 24, 2015, and was listed on the Nigerian Stock Exchange (NSE) on October 25, 2016.

The company is engaged in Waste Management, E-waste, Industrial Cleaning, and decontamination.

The Initiates Plc opened at N0.72 and closed at N0.62. The stock lost N0.10 or 13.89%. Initiates was marked down during the week, following a dividend payment of N0.04 for the 2017 financial year. Ex-dividend price was N0.68. Year to date, the stock is down 24.3%.

Skye Bank Plc

Skye Bank closed at N0.63 this week, down N0.10 or 13.70%. Year to date, the stock is up 26%.

Japaul Oil and Maritime Services Plc

Japaul Oil opened at N0.36 and closed at N0.32, down N0.04 or 11.11%. Year to date, the stock is down 36%.

Linkage Assurance Plc

Linkage Assurance closed down 10% during the week. The stock opened at N0.80 and closed at N0.72. Year to date, the stock is up 9.1%.

Beta Glass Plc

Beta Glass Plc manufactures, distributes and sells glass bottles and containers for the leading soft drinks, wine and spirit, pharmaceutical and cosmetics companies.

The company is a subsidiary of Frigoglass Industries Nigeria Limited (the parent company) which holds 61.9% of the ordinary shares of the company. The ultimate controlling party is Frigoglass S.A.I.C, Athens.

Beta Glass opened at N90, and closed at N81, dropping N9 or 10%. Year to date, the stock is up 57.9%.

 

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