The NSE closes in the negative for second time this week

The Nigerian Stock Exchange ended Tuesday’s trading session in negative territory. The All Share Index closed at 30,099.83 basis points, down 0.73%.

Year to date, the index is down 4.23%.

Top Gainers and Losers

Unilever Nigeria Plc was the best performing stock today. The stock gained 8.22% to close at N30.95. ABC Transportation Plc gained 7.14% to close at N0.30. Jaiz Bank Plc gained 4.35% to close at N0.48. Wapic Insurance Plc gained 2.50% to close at N0.41. NEM Insurance Plc rounds up the top five gainers for today. The stock gained 2.44% to close at N2.10.

On the flip side, Sovereign Trust Insurance Plc was the worst performing stock, declining by 8.00% to close at N0.23. Japaul Oil & Maritime Services Plc fell by 7.41% to close at N0.25. Dangote Sugar Plc fell by 4.35% to close at N11.00. 11 Plc (Mobil) fell by 3.82% to close at N163.50. Sterling Bank Plc rounds up the top five losers for the day. The stock shed 3.28% to close at N2.36.

Top Trades by Volume

Courtville Business Solutions Plc was the most actively traded stock today. 25.1 million shares valued at N5 million were traded in 45 deals. Access Bank Plc was next with 25 million shares valued at N218 million traded in 161 deals. Nigerian Breweries Plc followed with 13.4 million shares valued at N764 million traded in 136 deals. MTN Nigeria Plc was next with 11.1 million shares valued at N1.5 billion traded in 200 deals. United Bank of Africa Plc rounds up the top five most actively traded stocks today with 6 million shares valued at N37.8 million traded in 149 deals.


Corporate Actions

Oando Plc notified the general public of its response to the Securities and Exchange Commission’s suspension of its 42nd Annual General Meeting. The Company disagreed with the SEC’s position that its directive to suspend the 42nd AGM is in accordance with an Ex-parte Order earlier issued by the Federal High Court in Abuja.

John Holt Plc notified the general public of its 57th Annual General Meeting, which will be held at Bon Hotel Sunshine in Enugu State on July 26, 2019 at 10.0am.

Source: The NSE closes in the negative for second time this week

By Inimfon Asifa

Techylawyer and its authors do not claim to have written this article, we acknowledge the works of the original author


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