The Nigerian Stock Exchange (NSE) continued its downtrend as the NSE All Share Index closed today at 36,470.5 basis points down 0.76%. Year to date, the index is down 4.64%.

Here is a summary of trading activities and corporate actions for today.

Top Gainers

Wema Bank was the top gainer in today’s trading session appreciating 9.68%. The stock closed at N0.68.

Oando Plc closed at N5.20, up 9.47%. The stock had been on a downward trend since news of a judgment awarded against companies controlled by its Group Chief Executive Officer and Deputy Chief Executive Officer Omamofe Boyo.

Linkage Assurance closed at N0.79, up 8.22%

Top Losers

E-Tranzact Plc closed at N4.10, down 9.89%. Livestock Feeds Plc closed at N0.68, down 9.33%. Tantalizers Plc closed at N0.21 down 8.70%.

Top trades by volume

78.3 million GT Bank shares valued at N2.9 billion were traded in 261 deals. The stock closed at N38, up 3.97%

50 million Medview Air shares valued at N102 million were traded in 3 deals. The stock closed at N2.08, down 2.80%.

26.5 million Zenith Bank shares valued at N608 million were traded in 408 deals. The stock closed at N22.95, down 4.18%.

Corporate Actions released today

ETI appoints MD for Ecobank Nigeria

Ecobank Transnational Incorporated (ETI) today announced the appointment of Patrick Akinwuntan as Managing Director Designate for Ecobank Nigeria. His appointment is, however, subject to regulatory approval. Akinwuntan will replace Charles Kie who will be leaving the group.

ETI HY 2018 results

The bank also released its results for the half year ended June 2018. Gross Earnings dipped slightly from N386 billion in 2017 to N384 billion in 2018. Profit before tax, however, jumped from N46.2 billion in 2017 to N65 billion in 2018. Profit after tax (from continuing operations) also rose from N37.6 billion in 2017 to N51.3 billion in 2018.

United Capital HY 2018 results

United Capital today released its results for the half year ended June 2018. Gross Earnings increased from N3.87 billion in 2017 to N3.88 billion in 2018. Profit before tax moved up slightly from N2.37 billion in 2017 to N2.38 billion in 2018. Profit after tax also increased from N1.9 billion in 2017 to N2.0 billion in 2018.

Royal Exchange Plc Q1 2018 results

Royal Exchange Plc, today released its financial statements for the first quarter ended March 2018. Gross Premium Written increased from N6.9 billion in 2017 to N7.6 billion in 2018.

The company made a profit before tax of N579 million as against a loss before tax of N179 million in the corresponding period for last year.

Profit after tax stood at N389 million as against a loss of N237 million made in the corresponding period of 2017.

Royal Exchange was one of 8 companies suspended from trading by the Nigeria Stock Exchange (NSE). The company released its full-year 2017 results yesterday.

RAK Unity Petroleum

RAK Unity Petroleum will hold its 15th Annual General Meeting on Thursday 16th of August 2018. The qualification date for its proposed dividend is Friday 20th of August 2018. The company’s shareholders register will be closed from Monday, 23rd July 2018 to Friday, 27th of July 2018 (both days inclusive).

The company has proposed a dividend of 10 kobo per share.

Multiverse Mining and Exploration Plc

Multiverse Mining Resources Plc HY 2018 re

Multiverse mining resources today released its results for the half year ended June 2018. Revenue increased from N3.2 billion in 2017 to N3.5 billion in 2018. Loss after tax also reduced from N324 million in 2017 to N85 million in 2018.

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