Oando tops volume chart as NSE opens in the green

The Nigerian Stock Exchange (NSE) began this week’s trading on a bullish note. The All Share Index closed at 32,222.24 basis points, up 0.51%. Year to date, the index is down 15.74%

Top Gainers and Losers

GSK Consumer Nigeria was the best performing stock today. The stock appreciated by 9.96% to close at N13.25.

UACN Property Development Company (UPDC) which, last week, hit a 5-year low, gained 9.72% to close at N1.58.

NPF Microfinance Bank rounds up the top three gainers for today with a 9.56% gain to close at N1.49.

On the flip side, Mutual Benefits Assurance Plc was the worst performing stock today. The stock shed 8% to close at N0.23. Union Diagnostics and Clinical Services declined by 8% to close at N0.23. Forte Oil declined by 7.7% to close at N19.

Top Trades by Volume

Oando was the most actively traded stock today. 30.3 million shares valued at N154 million were traded in 89 deals.

Diamond Bank was next with 16.3 million shares valued at N14.4 million were traded in 113 deals.

UBA rounds up the top three most traded stock by volume with 12.8 million shares valued at N100 million traded in 147 deals.

Corporate Actions

Stanbic IBTC Holdings

Stanbic IBTC Holdings will commence its closed period with effect from December 1, 2018, till its full-year 2018 results of the Company are released.

Parties with access to sensitive information, are prohibited from trading in the shares of the company until the results are released.

UACN Property Development Company Plc 

UPDC Plc has shifted its Annual General Meeting (AGM), earlier scheduled from Tuesday the 20th of November 2018 to Wednesday the 21st of November 2018 due to a public holiday declared by the Federal Government to mark the Eid el Malud holiday

Ecobank Trans International 

Ecobank Transnational Incorporated, ETI, the Lomé-based parent
company of the Ecobank Group, announces today the successful close of a USD$200 million syndicated loan facility.

The facility was oversubscribed at USD$268.5 million, with ETI increasing Deutsche Bank’s mandate as an arranger from USD$150 million to USD$200 million.

The loan will be due for repayment in November 2019.