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NIGERIA: NSE Top Gainers; Access Bank And UBA’s FY Results Fail To Influence YTD



The Nigerian Stock Market closed its trading for the week on the negative side with the All Share index ending the session at 31,142.72 basis points, down with 0.2percent.

Despite the release of the FY 2018 results of both UBA ( which allowed for its position in the ranking) and Access Bank; which both had gains despite the payment of the tax of N78.6 billion and 94.9 billion, the Year to Date (YTD) of the market is still down with 0.92%.

Zenith came second with 39.6 million shares with value worth N877 million traded in 311deals capping up the top three is UBA with 24million shares valued at N181million traded in 260deals.

The league of top gainers with the best performing stock was spear-headed by Royal Exchange Plc with a gain of 9.38% to close at N0.35. Jaiz bank followed with a gain of 5.88% to close at N0.54.

The second runner-up was Neimeth International Pharmaceuticals with gains at 3.08% to close at N0.67. Also, at the height of the list of top losers with stocks that performed worse is Ikeja Hotel; its stocks fell by10% to close at N2.07. Sterling Bank was not so far behind with a fall of 7.60% to close at N2.31.

Finally, Capital brings the category to a close with a decline of 6.67% to close at N2.80. With respect to volume, the top trades has the FBN holding perform the lowest with 39.9 million shares with values worth N327million which traded in 238 deals.

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