NSE closes green as First Bank releases Q3 results

The Nigerian Stock Exchange (NSE) recovered from yesterday’s sharp decline in today’s trading session. The All Share Index closed at 32,545.06 basis points, up 0.44%. Year to date, the index remains in the red, down 14.90%.

Top Gainers and Losers 

Jaiz Bank was the best performing stock today. The stock closed at N0.55, up 10%. The bank today released its results for the period ended September 30, 2018.

Royal Exchange Plc also appreciated by 10%, to close at N0.22. Total Plc closed at N198, up 8.20%.

On the flip side, AG Leventis Plc closed at N0.36, down 10%. Beta Glass closed at N62, down 10%. Cutix Plc closed at N2.03, down 9.78%.

Top Trades by Volume  

The three most traded stocks were from the banking sector.

FCMB was the most actively traded stock today. 180 million shares valued at N279 million were traded in 279 deals.

Zenith bank was next with 24.4 million shares valued at N589 million traded in 340 deals.

Guaranty Trust Bank rounds up the top three with 23.8 million shares valued at N869 million traded in 221 deals.

Corporate Actions  

FBN Holdings  

FBN Holdings (parent company of FirstBank) released its results for the third quarter ended September 30, 2018. Interest income dropped from N356 billion in 2017 to N337 billion in 2018. Profit Before Tax dropped from N55.4 billion in 2017 to N51.3 billion in 2018. Profit after tax dropped from N45.8 billion in 2017 to N44.9 billion in 2018.