Top Gainers The Nigerian Stock Exchange (NSE) ended the last trading week, and indeed the month of August, on a negative note. The All Share index fell by 1.63% during the week to close at 34,848.45 basis points. The index depreciated by 5.86% in August, and is down 8.88%, year to date.
37 equities appreciated in price during the week, higher than 15 in the previous week. 34 equities depreciated in price, lower than 45 equities of the previous week, while 98 equities remained unchanged lower than 109 equities recorded in the preceding week.
These are the top gainers and losers for the week: Gainers
Portland Paints and Products Nigeria Plc
Portland Paints and Products was the best performing stock on the Exchange this week. The stock gained 20.65%, opening at N2.47 and closing at N2.98, up N0.51. AIICO Insurance Plc
AIICO Insurance opened at N0.70 and closed at N0.82, up N0.12 or 17.14%.
The company this week sent a notice to the NSE informing investors of an Extra Ordinary General Meeting (EGM) on the 5th of October 2018. Agenda is to, if deemed fit, obtain shareholders approval for a private placement amounting to N5.28 billion. PZ Cussons Nigeria Plc
PZ Cussons Nigeria appreciated by 14.94% during the week. The stock opened at N13.05 and closed at N15. Year to date, the stock is down 27.18%.
The company yesterday released its results for the financial year ended May 2018. Transnational Corporation of Nigeria Plc
Transnational Corporation of Nigeria gained 14.55% this week. The stock opened at N1.10 and closed at N1.26, up N0.16. Year to date, the stock is down 13.70%. NEM Insurance Nigeria Plc
NEM Insurance Nigeria opened at N3 and closed at N3.40, up N0.40 or 13.33%. Year to date, the stock is up 104.82% and is the best performing insurance stock on the NSE. Flour Mills Nigeria Plc Flour Mills opened at N21.30 and closed at N24.30, up N3.00 or 13.02%. Year to date, the stock is down 16.21%. Diamond Bank Plc Diamond Bank gained 11.82% during the week. The stock opened at N1.10 and closed at N1.23, up N0.13. Year to date, the stock is down 18%.The bank, this week, issued a press statement denying any form of wrongdoing with regards to a fine imposed on it by the Central Bank of Nigeria (CBN) , following its investigation of foreign exchange […]