GSK Consumer Nigeria tops gainers list for the 2nd week running

The Nigerian Stock Exchange (NSE) closed the week up 0.08% with the All-Share Index closing at 41,504.51 basis points. March was a bearish month as the All Share Index was down 4.21% in March. Year to date, the market is up 8.53%

GSK Consumer Nigeria Plc

GSK Consumer Nigeria led the week’s top gainers, for the second consecutive week with a 33.33% appreciation. The stock opened at ₦25.50 and closed at ₦34.00.

Investors may have keyed into the stock in view of the special dividend declared. Year to date, the stock is up 57.33%.

Wema Bank Plc

Wema Bank opened at ₦0.75 and closed at ₦0.99, up 32%. Year to date, the stock is up 90.38%.

Custodian and Allied Insurance Plc

Custodian and Allied Insurance gained 20.98%. The stock opened at ₦4.10 and closed at ₦4.96. Year to date, the stock is up 27.51%

Unity Kapital Assurance Plc (Veritas Kapital Assurance)

Unity Kapital Assurance closed up 18.18%. The stock opened at ₦0.22 and closed at ₦0.26. Year to date, however, the stock is down 48%.

Eterna Oil Plc

Eterna Oil Plc opened at ₦6.13 and closed at ₦6.65 during the week, gaining ₦0.52 or 8.48%.  The company also released its FY 2017 results within the week and declared a dividend of ₦0.40 per share. Year to date, it is up 63.79%.

ABC Transport Plc

ABC Transport Plc gained 8.33% during the week. The stock opened at ₦0.48 and closed at ₦0.52. Year to date, the stock is up 4% and trading at a year high.

Law Union and Rock Insurance Plc

Law Union and Rock Insurance opened at ₦0.68 and closed at ₦0.73, gaining ₦0.05 or 7.83%. The company also released its FY 2017 results within the week and declared a dividend of N0.04 per share. Year to date, the stock is down 5.19%

Caverton Offshore Support Group Plc

Caverton opened at ₦2.49 and closed at ₦2.67 gaining ₦0.18 or 7.23%. The company released its FY 2017 results within the week. Year to date, Caverton is up 106%.

PZ Cussons Plc

PZ Cussons Plc opened at ₦22.05 and closed at ₦23.45, up 6.35%. The company also released its financial statements for the 9 months ended February 2018.

Turnover increased from ₦57.1 billion in 2017 to ₦63.2 billion in 2018. Profit before tax fell from ₦2.3 billion in 2017 to ₦1.9 billion in 2018. Year to date, PZ is up 13.8%.

Stanbic Ibtc Plc

Stanbic Ibtc gained 6.24% within the week. The stock opened at ₦45.65 and closed at ₦48.65. Year to date, Stanbic is up 16.87%.