Bears open this week’s trading as volume hits year low

The Nigerian Stock Exchange (NSE) opened the week on a negative note, as the All Share Index closed at 32,413.48 basis points, down 0.13%. Year to date, the index is down 15.24%.

The total volume of shares traded today, hit a year low as 91.4 million shares valued at N960 million were traded in 2529 deals.

Top Gainers and Losers 

Axa Mansard Insurance was the best performing stock today. The stock closed at N1.98, up 10%. Forte Oil closed at N22.25, up 9.88%. NASCON Allied Industries closed at N19.90, up 7.57%.

On the flip side, Fidson Healthcare was the worst performing stock today. The stock closed at N5.40, down 10%. Wapic Insurance closed at N0.40, down 9.09%. UAC Properties closed at N1.61, down 8%.

Top Trades by Volume

The top 3 most traded stocks today, were from the banking sector. UBA Plc was the most actively traded stock today. 14.5 million shares valued at N118 million were traded in 78 deals. 9.8 million FCMB shares valued at N16.1 million were traded in 90 deals. 6.4 million Fidelity bank shares valued at N12.2 million were traded in 99 deals.

Corporate Actions 

Prestige Assurance Plc

The board of Prestige Assurance Plc will be meeting on the 29th of October, 2018. Among the agenda to be discussed are the company’s results for the quarter ended September 2018, update on the restructuring of the company’s balance sheet, as well as an update on tier based minimum solvency capital.

Africa Alliance Insurance Plc

Africa Alliance Insurance Plc has moved its head office from 61 Marina to 54, Awolowo Road, Ikoyi.

MRS Oil Plc

MRS Oil Plc will be holding a board meeting on October 24, 2018. The board will be considering the company’s results for the third quarter ended September 2018.

A closed period commenced in the trading of the company’s shares on October 9, 2018. During this time, parties with access to sensitive information, can not trade their shares.

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