The Nigerian Stock Exchange (NSE) ended the first week of July on a bearish note. The All Share Index closed down 37,625.59 basis points, down 1.71%. Year to date, the index is back in negative territory at 1.61%.
27 equities appreciated in price, 45 equities depreciated in price, while 97 equities remained unchanged during the week.
Here are the top 10 gainers and losers in this week’s trading session.
Gainers
Mutual Benefits Assurance Plc
Mutual Benefits Assurance was the biggest gainer this week, appreciating by 21.62%. The stock opened at N0.37 and closed at N0.45 up N0.08. The company recently obtained approval from the Securities and Exchange Commission (SEC) to raise N2 billion through a rights issue.
Year to date, the stock is down 10%.
Multiverse Mining & Exploration Plc
Multiverse was incorporated as a private limited liability company, on 20th June 2002. It commenced business on 1st April 2005 and was converted to a public limited liability company on 18th April 2008. The company’s shares were listed on the Nigerian Stock Exchange on 8th October 2008.
The stock gained 20% this week. It opened at N0.20 and closed at N0.24. Multiverse traded unusually large volumes this week, indicating that a key investor could either be entering or exiting. Year to date, the stock is down 52%.
Unity Bank Plc
The stock appreciated by 14.43% this week. It opened at N0.97 and closed at N1.11. Year to date, the stock is up 109.4% and is one of the best performing on the NSE for the half year ending June 2018.
University Press Plc
University Press gained 9.44% this week. The stock opened at N2.33 and closed at N2.55, up N0.22.
This week, the company released its full year financial statements for the year ended March 2018.
Revenue increased from N1.6 billion in 2017 to N1.8 billion in 2018. Profit before tax increased from N164 million in 2017 to N354 million in 2018. Profit after tax also rose from N118 million in 2017 to N207 million in 2018.
The publisher also declared a dividend of N0.15 per share.
Year to date, the stock is up 11.8%.
Royal Exchange Plc
Royal Exchange opened at N0.33 and closed at N0.36, adding 9.09%. The company alongside 7 others was suspended on Thursday by the Nigerian Stock Exchange (NSE) for failure to submit their results as at when due.
Year to date, the stock is down 28%.
C and I Leasing Plc
The firm gained 8.70% this week. The stock opened at N2.07 and closed at N2.25, up N0.18. Year to date, the stock is up 74.4%.
AIICO Insurance Plc
AIICO opened at N0.61 and closed at N0.66. The stock gained N0.05 or 8.20%. Year to date, the stock is up 26.9%.
Julius Berger Plc
Julius Berger opened at N27.50 and closed at N29.50, up N2.00 or 7.27%. Year to date, the stock is up 5.4%.
Consolidated Hallmark Insurance Plc
Consolidated Hallmark Insurance gained 6.90% this week. The underwriter opened at N0.29 and closed at N0.31, up N0.02. Year to date, the stock is down 32%.
NEM Insurance Plc
NEM Insurance rounds up the top 10 gainers this week, appreciating by 6.25%. The stock opened at N3.20 and closed at N3.40, up N0.20. The stock is the best performing in the insurance sector, and one of the top 10 on the stock market as a whole. Year to date, the stock is up 104.8%.
Losers
Forte Oil Plc
Forte Oil was the biggest loser this week. The stock opened at N32.85 and closed at N26.35, down 19.79%. The stock earlier this week touched a five-year low. Year to date, Forte oil is down 39.4%.
Omoluabi Mortgage Bank Plc
Omoluabi Mortgage Bank was incorporated in 1993 and is based in Osun State. The company’s areas of operation include mortgage banking services, housing/property development solutions and general financial services.
It was listed on the Alternative Securities market in 2014.
Omoluabi depreciated by 18.31% this week. The stock opened at N0.71 and closed at N0.58 down N0.13. Year to date, the stock is down 22.67%.
McNichols Plc
McNichols Plc began operations in April 2005 and is into the processing and packaging of sugar, chocolate powder, cereals and other food products. McNichols was listed on the floor of the Nigeria Stock Exchange on the 18th of December, 2009.
McNichols opened at N0.98 and closed at N0.81 down 17.35%. Year to date, the stock is down 32.5%.
Cornerstone Insurance Plc
Cornerstone Insurance shed 17.14% this week. The stock opened at N0.35 and closed at N0.29, down N0.06. Year to date, the stock is down 42%.
The company with 7 others was suspended by the NSE yesterday. Also yesterday, the firm issued a notice stating its results were currently being reviewed by the National Insurance Commission (NAICOM).
MRS Oil Plc
MRS Oil opened at N34.25 and closed at N28.55, down N5.70 or 16.64%. Year to date, the stock is up 4%.
The company was marked down following a 1 for 5 bonus issue. Ex bonus price was N28.54.
Honeywell Flour Mills Plc
Honeywell Flour Mills shed 11.79% this week. The stock opened at N2.29 and closed at N2.02, down N0.27. Year to date, the stock is down 3.8%.
Sovereign Trust Insurance Plc
Sovereign Trust Insurance closed down 10% this week. The stock opened at N0.30 and closed at N0.27, shedding N0.03. Year to date, the stock is down 46%.
11 Plc
11 (pronounced double one) Plc was formerly known as Mobil Oil Nigeria Plc. The stock opened at N183 and closed at N165, down N18, or 9.84%. Year to date, the stock is down 15.2%.
Capital Oil Plc
The stock opened at N0.33 and closed at N0.30, shedding N0.03. Year to date, Capital oil is down 40% year to date.
Capital Oil will be holding an Extra Ordinary General Meeting on the 26th of July 2018. Agenda of the meeting is a proposed private placement by Pinnacle Oil and Gas Limited. The firm is distinct from Capital Oil and Gas owned by Ifeanyi Ubah.
Transnational Corporation Plc
Transcorp Plc was incorporated on November 26, 1994 and is a conglomerate with operations in the power and hospitality sectors.
Transcorp opened at N1.40 and closed at N1.28, down N0.12 8.57%. The company yesterday notified the NSE that its board would meet on the 12th of July 2018 to consider its HY 2018 results. Year to date, the stock is down 12.3%.
