The NSE closes the week in negative territory

The Nigerian Stock Exchange ended Friday’s trading session in negative territory. The All Share Index closed at 28,566.79 basis points, down 0.51%. Year to date, the index is down 9.11%.

Top Gainers and Losers: Consolidated Hallmark Insurance Plc was the best performing stock today. The stock gained 10% to close at N0.33. Cement Company Northern Nigeria Plc gained 4.69% to close at N14.50. Sovereign Trust Insurance Plc gained 4.55% to close at N0.23. Courteville Business Solutions Plc gained 4.35% to close at N0.24. UAC of Nigeria Plc rounds up the top five gainers for today. The stock gained 3.45% to close at N6.

On the flip side, Ikeja Hotel Plc was the worst performing stock, declining by 8.67% to close at N1.37. UAC-Properties Plc fell by 8.57% to close at N1.28. Vitafoam Nigeria Plc fell by 5.35% to close at N3.54. Nigerian Breweries Plc fell by 4.92% to close at N58. Japaul Oil and Maritime Services Plc rounded off the top five losers for the day. The stock shed 4.35% to close at N0.22.

Top Trades by Volume: Zenith Bank Plc was the most actively traded stock today. 17.3 million shares valued at N329 million were traded in 346 deals. Stanbic IBTC Plc was next with 10.7 million shares valued at N431 million traded in 19 deals FBN Holdings Plc was next with 8.4 million shares valued at N50 million traded in 179 deals. United Bank of Africa Plc was next with 8.4 million shares valued at N49 million traded in 174 deals. Consolidated Hallmark Insurance Plc rounds up the top five most actively traded stocks today with 7 million shares valued at N2.3 million traded in 3 deals.

Corporate Action

Lasaco Assurance Plc has released its financial results for the year ended December 2018. Gross Premium Written increased from N6.6 billion in 2017 to N9 billion in 2018. Profit before Tax increased from N854 million in 2017 to N958 million in 2018. Profit after Tax also increased from N661 million in 2017 to N736 million in 2018.

Red Star Express Plc has declared a dividend of N0.43kobo per (50)kobo share for 2019 financial year ended March 2019. The qualification date is July 16, 2019. The Register of Shareholders will be closed from July 17, 2019 to July 19, 2019.

The Company’s Annual Meeting will be held at Shell Hall, Muson Centre, 8/9 Marina road, Onikan, Lagos State on August 8, 2019 at 11.00am.


Source: Nairametrics

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