The All Share index closed at 35,426.21 basis points, up 0.45% this week. This also marks an uptrend after three consecutive weeks of losses. Year to date, the index is down 7.37%. Trading sessions were cut to three this week, due to the public holidays declared on Monday and Tuesday for the Eid el Kabir celebration.
UBA Plc was the top traded stock by volume this week, as 332.7 million shares valued at N2.6 billion were traded in 978 deals. Next was NEM Insurance which traded 95 million shares valued at N285 million in 77 deals. Zenith Bank rounds up the top three trades by volume, with 75.9 million shares valued at N1.6 billion traded in 937 deals.
15 stocks appreciated in price this week, slightly lower than the prior week. 45 stocks dropped, compared to 56 in the previous week, while 109 stocks were unchanged.
Here are the top gainers and losers in this week’s trading session.
Gainers
Newrest ASL
Airline Services Limited (now known as Newrest ASL Nigeria) was incorporated as a private limited liability company on December 6, 1996. The company became a public limited liability company on February 26, 2007, and was listed on the Nigerian Stock Exchange on July 25, 2007.
Newrest ASL’s principal services are the provision of catering services to international airlines operating in the country. The company also operates VIP lounges at the Muritala Mohammed International Airport (MMIA) Lagos and the Nnamdi Azikwe International Airport Abuja. In addition, its subsidiary, Newrest ASL Oil and Gas Logistics Limited, provides oil and gas catering and logistics services to companies operating in the oil and gas services sector in the country.
Newrest ASL gained 19.1% this week. The stock opened at N4.45 and closed at N5.30 up N0.85. Week to date, the stock is up 19.1%. Year to date, however, the stock is down 10.92%.
Skye Bank Plc
Skye Bank opened at N0.48 and closed at N0.57 up 18.75% or N0.09. Year to date, the stock is up 14%.
Veritas Kapital Assurance Plc
Veritas Kapital Assurance Plc gained 7.69% this week. The stock opened at N0.26 and closed at N0.28, up N0.02. Year to date, the stock is down 44%.
First City Monumental Bank Plc (FCMB)
FCMB opened at N1.70 and closed at N1.83, up N0.13. Week to date, the stock appreciated by 7.65%. Year to date, the stock is up 23.65%.
The company this week sent a notice to the NSE, informing it of an attempted fraud that occurred at its banking subsidiary. It, however, stated that this would have no material effect on the bank or group performance.
Dangote Cement Plc
Dangote Cement gained 6.82% this week. The stock opened at N220 and closed at N235, up N15. Year to date, the stock is up 2.17%.
Dangote Flour Mills
Dangote Flour Mills opened at N7.70 and closed at N8.20, up N0.50 or 6.49%. Year to date, the stock is down 32.51%
NEM Insurance Plc
NEM Insurance gained 5.26% this week. The stock opened at N2.85 and closed at N3.00. Year to date, the stock is up 80.72% and is the best performing stock in the insurance sector.
Eaton Acquisitions Limited (EAN) this week acquired a 2.46% stake in the firm, amounting to 130 million shares.
Sterling Bank Plc
Sterling Bank appreciated by 4.76% this week. The stock opened at N1.26 and closed at N1.32, up N0.06. Year to date, the stock is up 22.22%. Sterling was Nairametrics stock pick for the week.
LASACO Assurance Plc
LASACO Assurance Plc opened at N0.31 and closed at N0.32, up N0.01 or 3.23%. Year to date, the stock is down 36%
AIICO Insurance Plc
AIICO Insurance Plc rounds up the list of the top 10 gainers this week, with a 2.94% increase. The stock opened at N0.68 and closed at N0.70, up N0.02. Year to date, the stock is up 34.62%.
Losers
Jaiz Bank
Jaiz Bank was the worst performing stock on the Nigerian Stock Exchange this week dropping by 11.11% this week. Year to date, the stock is down 23.81%, and is trading at a year low.
Union Diagnostic and Clinical Services Plc
Union Diagnostic and Clinical Services shed 10.34% this week. It opened at N0.29 and closed at N0.26, down N0.03. Year to date, the stock is down 48%.
University Press Plc
University Press Plc commenced operations in 1948 in Nigeria as a branch of Oxford University Press but was incorporated in Nigeria on August 14, 1978. The company is into publishing, sales, and distribution of books and educational materials.
University Press Plc opened at N2.30 and closed at N2.07, down N0.23 or 10%. Year to date, the stock is down 9.21%.
Livestock Feeds Plc
Livestock Feeds opened at N0.61 and closed at N0.55. The stock depreciated by 9.84% and is down 33.33% year to date.
International Breweries Plc
International Breweries opened at N35.20 and closed at N32, down N3.20 or 9.09% this week. Year to date, the stock is down 41.28%.
Red Star Express Plc
Red Star Express opened at N5.70 and closed at N5.20 this week, down N0.50 or 8.77%. Year to date, the stock is down 1.56%.
Secure Electronic Technology Plc
Secure Electronic Technology Plc (formerly known as NSL Tech) fell by 8.70% during the week. The stock opened at N0.23 and closed at N0.21, down N0.02. Year to date, the stock is down 58%
Unity Bank Plc
Unity Bank Plc opened the week at N0.81 and closed at N0.74, down N0.07 or 8.64%. Year to date, the stock is up 39.62%
Africa Prudential Plc
Africa Prudential Plc fell by 8.67% this week. The stock opened at N4.05 and closed at N3.70 down N0.35. Year to date, the stock is down 12.32%.
UACN Property Development Company (UPDC)
UPDC rounds up the top losers this week with an 8.19% decline. The stock opened at N1.71 and closed at N1.57, down N0.14. Year to date, the stock is down 43.73%.
